Risk Modelling

We are experts in utilising Monte Carlo modelling techniques to simulate the impact of uncertainty, threats, and opportunities on project schedules and cost forecasts. 

We understand that projects are a constant balancing act between what we think will happen and what actually happens. Our risk modelling capability has helped many leadership teams understand the range of possible outcomes for their projects and formulate appropriate responses to their environment of complexity, uncertainty and risk.

We can help you to price your bids intelligently, understand what is contributing to schedule delays or cost overruns, develop targeted threat mitigation strategies, develop plans for maximising opportunities or simply just gain greater project situational awareness.

Our risk modelling services include:

Quantitative cost risk analysis (QCRA)

Helping you understand the impact of uncertainty, threats and opportunities on deterministic project forecasts. To see this service in action check out our risk analysis case study for a major construction contractor.

Quantitative schedule risk analysis (QSRA)

Helping you understand the impact of uncertainty, threats and opportunities on deterministic project schedules. To see this service in action check out our schedule risk analysis case study for a nuclear decommissioning programme.

As well as designing bespoke modelling solutions in-house, we use a wide range of industry recognised software including Primavera Risk Analysis (Pertmaster), Safran Risk, Riskonnect Active Risk Manager (ARM), and Predict! Risk Analyser. We continue to maintain partner status with some of these vendors, giving us access to the latest software versions and insights.

 

Want to take this one step further? To see how we turn this data into actionable insights for senior leaders, follow the link to our risk analytics capability.

risk screen

Our services are organised into three core capabilities, which can be combined in sequence or procured individually.

Risk Consulting 

Providing risk management consultancy and training to projects, programmes and enterprises.

Risk Modelling

Undertaking quantitative cost and schedule risk analysis to support business and investment decisions.

Risk Analytics 

Unlocking the meaning in your risk data to support better decisions.

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.

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