Project Risk Management – confidence to
deliver: on budget, on time, every time
Trevor Jay
trevor.jay@riskdecisions.com
+44 (0)7595 206805
Copyright © 2015 Risk Decisions. All rights reserved | www.riskdecisions.com
AGENDA
• PART 1 – Introduction
• Introduction to Risk Decisions
• PART 2 – What does good risk management look like?
• Broad involvement
• Transform data into information
• Decision making
• Managing by exception
• Consistent and auditable
• Continuously improving
• PART 3 – Additional Predict! functionality
Copyright © 2015 Risk Decisions. All rights reserved | www.riskdecisions.com
Risk Decisions Group
Management owned Risk Management & Analysis experts since 1985
Our Mission
To support large project-based organisations and
government departments across the globe,
protect their reputation and increase shareholder
value,through better informed strategic
decisions, by using our Predict! software on their
projects, portfolios and for Enterprise-wide Risk
Management.
Copyright © 2015 Risk Decisions. All rights reserved | www.riskdecisions.com
Our Customers include:
Preferred supplier
since 1993
Since 2004
Framework Agreement since 2006
Copyright © 2015 Risk Decisions. All rights reserved | www.riskdecisions.com
Our Customers say:
“We chose Predict! over several competitors because it
offers the functionality and flexibility we need as a
project based organisation, now and in the future.
Predict! is also a widely used and trusted tool.
Since we started implementing Predict! to manage risks
during the project delivery phase, our gross margins
have increased by around 2%.”
Paul Pring, Director, Infrastructure (Rail)
Copyright © 2015 Risk Decisions. All rights reserved | www.riskdecisions.com
Our Customers say:
“We recognized the need to implement a tool that could
support the consistent approach and delivery of our PLP risk
management processes on projects, including risk reporting
across business units, regions and clients.
We needed a flexible risk management system which
allowed us to configure risk registers and risk scoring criteria
to suit the needs of our clients. We chose Predict! because it
is powerful yet easy to use.
It also offers an attractive concurrent licensing model that
works well with the way we use the tool in our regions
worldwide”.
Greg Ramsay, Global Director, Risk Management
Copyright © 2015 Risk Decisions. All rights reserved | www.riskdecisions.com
Our Customers say:
“ A particular advantage of Predict! is the ability to start with
a very basic system, and then deliberately ‘switch on’ the
more complex functions, such as escalation, email and
workflow as the organisation develops.
This offers excellent flexibility in configuring the system for
not only corporate but also individual project and client
needs.”
Darren Fisher, Project Risk
Management Lead
Copyright © 2015 Risk Decisions. All rights reserved | www.riskdecisions.com
Our Customers say:
“I am implementing a risk management system across a very
large infrastructure programme. I want to bring both the client and
the supply chain into the risk management process.
I therefore need control over who can see what and I need to be
able to fine tune access and functionality to the ability of the
user/organisation. I also do not know at this point in time exactly
how many users I will have.
Predict’s fine access control and concurrent licensing provides just
what I need.”
Mike Gladwin, Doha Expressway
Copyright © 2015 Risk Decisions. All rights reserved | www.riskdecisions.com
PART 2 – What does good risk management look like?
• Broad involvement
• Transform data into information
• Decision making
• Managing by exception
• Consistent and auditable
• Continuously improving
Copyright © 2015 Risk Decisions. All rights reserved | www.riskdecisions.com
Broad involvement
• Ease of Use
–
–
–
–
Personal interaction with Predict!
Seeing only relevant information
Being alerted to updates and action required
Quickly adding and editing risk information
Copyright © 2015 Risk Decisions. All rights reserved | www.riskdecisions.com
Transform data into information
• Rolling up data and presenting information
– Organisation
• Hierarchy tree
– Configuration
• Multiple scoring systems
• Categories
Copyright © 2015 Risk Decisions. All rights reserved | www.riskdecisions.com
Decision making
• Reports
– PIG (Probability Impact Grid)
– Top n
– Summary report
• Analysis of plans, risks and uncertainty
– Project Schedule analysis
– Calculating contingency & confidence values
Copyright © 2015 Risk Decisions. All rights reserved | www.riskdecisions.com
Managing by exception
• Focussing efforts on improving processes and
outcomes
– Risk hot spots
• Metrics reports
– Risk Dashboards
Copyright © 2015 Risk Decisions. All rights reserved | www.riskdecisions.com
Consistent and auditable
• Consistent
–
–
–
–
Reports
Data capture
Terminology
Categories
• Auditable
– Filtering
– History
• Risk Library
Copyright © 2015 Risk Decisions. All rights reserved | www.riskdecisions.com
PART 3 – Additional Predict! functionality
• Easily configurable
• Escalation
• Related Risks & Actions
• Full function Monte Carlo modelling
• Email reminders
• Highly granular security
• Ad Hoc reporting
• Integration with corporate reporting tool
• Export to and Import from MS Excel
Copyright © 2015 Risk Decisions. All rights reserved | www.riskdecisions.com
Integrated Predict! Software
Import your project
schedule from MS Project
or Primavera
Predict! Risk Controller
Risk management &
standard reports
Predict! Risk
Intelligence
Web interface to build
ad-hoc reports
Predict! Risk Analyser
Cost and Schedule
Monte Carlo Analysis
Predict! Risk Controller Lite
Risk Upload/download using
MS Excel
Predict! Connect
Use your own reporting
tool
Copyright © 2015 Risk Decisions. All rights reserved | www.riskdecisions.com
Flexible licensing – minimises TCO
•
•
•
•
Predict! modules licensed separately
Concurrent and/or Named Licences
As many users as you want
You only pay more as the system is used more, not
just to add users
• You control user layouts, functionality and access
• Volume discounts
Copyright © 2015 Risk Decisions. All rights reserved | www.riskdecisions.com
Thank You – Any Questions?
trevor.jay@riskdecisions.com
+44 (0)7595 206805
www.riskdecisions.com
Copyright © 2015 Risk Decisions. All rights reserved | www.riskdecisions.com