Risk Management

Risk Management

Anticipate, quantify and mitigate. Turn threats into opportunities with AACE methodology.

Risk Management Process

01

Identify

Workshops with the team to map project threats and opportunities.

02

Evaluate

Qualitative and quantitative analysis with probability and impact matrices.

03

Mitigate

Response plan development: avoid, transfer, mitigate or accept.

04

Monitor

Continuous tracking of the risk register and response effectiveness.

Probability · impact matrix

Risks ranked by severity, with contingency derived from simulation.

Probability
Very high
High
Medium
Low
Very low
R2
R1
R4
R3
R5
Minor
Moderate
Serious
Major
Critical
Impact
  • R1Sector permits
  • R2Site interferences
  • R3Commodity escalation
  • R4Erection productivity
  • R5Long-lead equipment availability
Illustrative example using industry reference data.

Cost contingency — Monte Carlo

Cumulative distribution of the estimate at completion.

100%80%50%0%
P50 · 108.5P80 · 116.2
90100110120130
MUS$
Base estimate
100.0
P50
108.5
P80
116.2
Illustrative example using industry reference data.

Our Capabilities

Risk Register

Structured risk register by category, phase and project area.

  • EPC risk taxonomy
  • Classification by category and impact
  • Historical traceability
  • WBS integration

Quantitative Analysis

Monte Carlo simulation for risk quantification in cost and schedule.

  • Monte Carlo simulation
  • Probability distributions
  • Sensitivity analysis (Tornado)
  • Risk-based contingencies

Interactive Heatmaps

Dynamic visualization of the project's risk profile in interactive matrices.

  • Probability/impact matrix
  • Risk temporal evolution
  • Category filtering
  • Export to reports

Mitigation Plans

Development and tracking of response plans with owners and deadlines.

  • Response strategies
  • Owner assignment
  • Action tracking
  • Effectiveness indicators

Sectors we serve

MineríaEnergíaInfraestructuraIndustrial

Need to quantify your project's risk?

Monte Carlo simulation, interactive heatmaps and mitigation plans with AACE methodology.