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Contingency assessment methods and trends
...points out the need to move to those that make more intelligent use of the power we now have available in computers and simulation software.This is a webinar delivered for the PMI Risk Community of Practice by Dr Stephen Grey. It explains the historical origins of some common methods for contingency assessment and points out the need to move to those that make more intelligent use of the power we now have available in computers and simulation soft...
Read moreClimate change and its effects on a food production business
...hrough stakeholder pressure for the company to be seen to be using ‘clean’ power in its operations Distribution costs increase as fuel prices rise. One risk with a Severe consequence – Container deposit and return regulations require changes in operating practices that drive up costs – was flagged for attention in the short term. (Since the risk assessment described here was conducted, many Australian jurisdictions have either introduced container...
Read moreAdapting governance for complex projects
...cartoon, ‘no more planning and no more documentation – just start writing code and complaining’, is not helpful either. The volatility of complex systems does not sit well with detailed long-term plans and review processes based on long planning cycles. Nevertheless, the objectives of project governance remain relevant in a complex space. Managers of complex projects need a framework within which they can operate and a means of handling matters t...
Read moreDr Dale Cooper: Updated chapter in Dr David Hillson’s ‘The Risk Management Handbook’ 2nd edition
...dleaf subscribers can obtain a 20% reduction on the list price if they order through the publisher and quote the discount code KOGANPAGE20....
Read moreControl effectiveness
...158: 2010, Delivering Assurance based on ISO 31000:2009, Risk Management, Standards Australia. The Financial Reporting Council, Internal Control, Revised Guidance For Directors On The Combined Code, October 2005, London, ISBN 1-84140-724-0. Corporate Governance Principles and Recommendations, 3rd Edition, ASX Corporate Governance Council, March 2004....
Read moreTarget construction cost for an alliance contract
This case study concerns an alliance established to deliver a road improvement project with substantial civil works. An estimate of the uncertainty in the cost estimate was required, expressed in dollar terms. This was needed to enable a realistic ceiling price to be set for the project for funding purposes. It was also used to develop a target cost for the contract that would generate appropriate incentives for all the alliance parties and suppo...
Read moreDr Dale Cooper: Chapter in Hillson, ‘The Risk Management Handbook’
...te https://www.koganpage.com/broadleaf into your browser. For more detailed information, please visit the Kogan Page website. To purchase the book and obtain a 20% discount, use the discount code BROADLEAF when you place your order. Publication details EAN: 9780749478827 Edition: 1 Published: 3rd June 2016 Paperback Dimensions: 234x156 336 pages...
Read moreSimplifying and optimising controls in the finance sector
...e agreed risk rating and the potential exposure, according to Table 4. The code letters in the table have the meanings set out in the list below the table. A. Risks classified as major or high on both risk rating and potential exposure. The risk rating indicates the consequences are likely to arise and to be potentially serious, even with the controls in place, and the potential exposure confirms the high consequences if the controls were to fail....
Read moreHeadline risks – seeing the big picture
...d pump trips’ is noted as a risk in the ‘main pumps’ key element, but the ‘power supply’ element provides additional and related detail Both the headline risk and the detail are necessary for a full picture of the risk, but different parts are important to different stakeholders: the headline for site executives and the detail for technical managers in the mechanical, electrical and controls departments. With one of our clients in the agribusiness...
Read moreRange analysis resources for commercial applications
Broadleaf has extensive expertise in schedule and cost range analysis for major projects and related analysis for commercial applications. Range analysis is sometimes called probabilistic risk analysis or quantitative risk analysis. We have been conducting such analyses for large clients around the world for many years. This tutorial summarises some of the resources and case studies available on our web site, with a particular focus on commercial...
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