We help ensure that our customers get the best value out of their risk management process.
Through our years of experience in developing, operating and advising within some of the most complex projects on the planet, we have built up an enviable range of knowledge that will help get your project risk processes operating as they should.
We can assess your current risk management processes against our Project Risk Management Maturity Assessment (PRMMA) facility, and suggest a range of improvements that we can work with you to implement.
The Importance of Risk Maturity
A mature approach to risk management isn’t just about avoiding surprises — it’s about turning uncertainty into opportunity. PRMM directly influences project success by improving decision-making, reducing costs, and aligning stakeholders.
We pride ourselves on our ability to help clients move away from managing a list of risks in a risk register, to managing the business with risks in mind.
Benefits of Risk Maturity
We’ve seen time and again that improving PRMM leads to better outcomes, not just for individual projects but across entire organizations. And it’s not just about the numbers—high PRMM empowers teams to take control of their projects and feel confident in the decisions they’re making.
Organizations with high PRMM achieve:
• Up to 28% cost savings on high-complexity projects.
• Better alignment between cost and schedule outcomes, reducing overruns.
• A cultural shift where risk-based decision-making becomes a natural part of operations.
What does high PRMM look like?
• CSRA outputs are routinely trusted and used for decision-making.
• Risk management is integrated into day-to-day operations.
• Risk mitigation strategies are well-communicated and acted upon by the entire project team
We wrote a report on the link between high PRMM and increased project profits, which you can access here: Safran Project Risk Conference 2022 - Increasing Project Profits Through Risk Analysis by Will Foulds - Redstone Risk
The Redstone Risk PRMMA
Our PRMMA assesses your maturity across 4 key dimensions:
Culture and Leadership – we can assess how the culture of the project and wider business supports and values PRM, as well as the role that senior leaders play. Our interventions can lead to significant enhancement in the value that your project and personnel gain from PRM.
Processes – we can assess how industry standard PRM processes are used or aligned to your own processes. Part of our work would identify areas for improvement and even the writing of processes should it be required.
Tools and Methods – an area we specialise in, we can assess how your business uses PRM toolsets for both qualitative and quantitative analysis, as well as the way in which it uses the information generated. Through our vast experience and our unique, unbiased relationships with some of the most innovative software companies around, we can ensure that your business gets the decision-making support it deserves.
Organisational Experience – we can examine the competence level of staff within the business tasked with undertaking or using PRM inputs and outputs. We can undertake a series of training or enhancements to ensure that the PRM process flows as it should.
We undertake the PRMMA through a consultancy-led approach, predominantly through a structured series of questions that can be undertaken either remotely or, preferably, at your location to enable us to get a feel for the way in which PRM is undertaken and valued. We tailor each assessment to each client, however we find that 2 days consultancy support is often enough to benchmark a particular project and make a range of suggested improvements. We know from our clients that these few days end up being some of the best value consultancy they ever purchase, as it is one of the first times that a genuinely independent party has assessed their PRM and give them clear, unbiased views on how to improve it.
The end result of this PRMMA is an independent, objective and evidence-based measure of risk maturity, which supports the formulation of a ‘roadmap’ of improvement actions in order to increase your PRM maturity.
Get in Touch
Talk to us on 07790 900 606 to see how we can help. Alternatively, feel free to drop us a message at hello@redstonerisk.com or use the contact form below.