Risk Management
Managing Risk Successfully
High complexity, innovative technologies, increasing dynamics and the international nature of projects require professional risk management methods and tools. The transparent handling of risks and their proactive management from the project idea to acceptance are central elements of a project risk management strategy. We identify, analyze and evaluate risks. To do this, we use indicators for early detection, propose mitigation strategies and implement decisions. Consistent risk management ensures the profitability of your projects, as risks are not always obvious and can only be assessed with extensive experience in managing comparable projects.
Our Expertise
Risk workshop and initial consultation
Together with you, we determine the causes of risk and develop a clear risk structure plan. By analyzing project contracts and documents, we identify contractual and project-specific risks. Finally, we assess the probability of occurrence and the potential impact of the project management risks in order to develop prioritized and effective mitigation strategies that ensure the success of the project.
Risk process
We apply a sequential risk management strategy, starting with risk avoidance, followed by risk mitigation and transfer and ending with the acceptance of remaining, unidentified risks as residual risk. We assess risks quantitatively using a risk scoring system. We also define specific responsibilities to ensure clear accountability for each phase of risk treatment.
Risk Planning and Management
We assess the risks both without and with consideration of measures. Based on this, we initiate appropriate countermeasures. We calculate risk provisions in order to create financial buffers for unexpected events. We also conduct coaching sessions to increase awareness and competence in dealing with risks. We use continuous risk management controlling to monitor risks on an ongoing basis and adjust control measures as necessary.
Risk Simulation
We develop various scenarios to model potential risks and their effects. We then visualize these to obtain a clear picture of the possible consequences. Based on this, we create decision templates and recommendations for action that enable well-founded decisions to be made and proactive action to be taken.
Contact us
Let us manage your risks professionally together – for the success of your project. With our professional risk management, we will navigate you safely through all challenges.
Johannes Herth
Dipl.-Ing.
Management Board Member