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