"all activities carry with them some element of risk. In
business there are no guarantees”
We tailor our risk analysis and management solution to the specific
needs of a customer and adapt it to the particular characteristics
of a project. At the outset of our appointment we invest time to
understand the customer’s needs and key business objectives, and
those of the project stakeholders.
We aim to deploy risk management as early as possible in the
business planning or project cycle, in order to help consider all
potential risks and uncertainties, and to select and implement
appropriate methods for risk analysis in line with the business and
project requirements. Such methods include holistic approaches,
which support analysis of risk at the early stages of the planning
of the investment, or the more traditional software within which
substantial risk models may be built.
Our approach is to focus on those factors, which, when combined
together, influence the quality of the identification processes.
Some 80% of the benefit of the risk analysis and management process
are considered to be derived from the risk identification phase so
this is where we focus our initial efforts.
We ensure that our risk processes remain at the forefront of
current thinking, incorporating the latest developments in the
field. Risk management solutions from Mott MacDonald reflect best
practice from current industry standards and guidelines including:
- Enterprise Risk Management – Integrated Framework (COSO)
- ‘Management of Risk’ (published by OGC)
- ‘Risk analysis and management for projects’ (published jointly
by the Institute of Civil Engineers, Faculty of Actuaries and the
Institute of Actuaries)
- PRINCE 2
- the PRAM guide (published by the Association for Project
Management)
- the British Standard BS 6079:1996 ‘Guide to Project Management’
and other industry specific guides
The Mott MacDonald team actively monitors developments with regard
to forthcoming publications.
Mott MacDonald offer customers extensive expertise in the
application of formal quantitative risk assessment methods using
computer tools such as Fault Tree Analysis, @Risk, and Predict!.
For environmental evaluations we utilise standard risk assessment
tools as well as our own custom systems for the risk assessment.
For example, we use the software packages RiscHuman, Landsim,
Consim and RBCA for the assessment of risks to human health and the
environment from soil and groundwater contamination. We have also
assessed risks to the environment from landfill sites using
stochastic methods within MS Excel, using add-ins such as Crystal
Ball and @Risk.
If you would like to find our more about our approach, please
click here to
contact us.
