Resources
In today’s rapidly evolving landscape, the ability to navigate risk and uncertainty is crucial for success. But what exactly does it mean to be a ‘risk-intelligent’ leader? And how can you build a culture that embraces risk and drives performance within your organization? That’s exactly what the first white paper in our Risk Intelligence (RQ) […]
Stay at the forefront of risk management with the second edition of our Risk Intelligence (RQ) series of white papers, ‘The Snowball Effect’. Written by industry experts, this comprehensive guide delves into the role of middle managers in organizations and the behaviors and communication strategies that are vital for success. The Snowball Effect - Let's Get the Ball Rolling. We take a look at the power of The Snowball Effect in […]
Lendlease Corporation Limited is an Australian-based multinational company specializing in project management and construction, property investment management, and property development. The company has approximately 8,500 employees and operates across various countries worldwide. In recent years, Lendlease has been refocusing its operations towards the Australian market, divesting most of its international development and building businesses to […]
Using Risk to Transform Industry Leadership ASC, Australia’s sovereign submarine and shipbuilding company, has transformed how it manages its business by developing a proactive risk and opportunity strategy. As Australia’s largest locally-owned prime contractor to defence, employing more than 2,000 people, responsible for the platform system sustainment of the Collins Class submarine fleet and platform construction of the Air […]
Working with Tornado IPT The Tornado Integrated Project Team (Tornado IPT) is part of the UK Ministry of Defense’s (MoD’s) Defense Equipment and Support (DE&S) organization. It is responsible for the provision of logistical support and capability development for the RAF Tornado F3 (Air Defense Variant) and the GR4 (Ground Reconnaissance) fleet until 2025, when […]
OHLA is a a global infrastructure group. Headquartered in Madrid, it operates across 30 countries with a focus on three geographical areas: USA, Europe and Latin America. As a strategic promoter of public-private projects, the OHLA Group ranks 44th among the top international contractors, 13th in the U.S. transportation sector, and 17th among the top […]
LLW Repository Ltd (LLWR) is a waste management company that provides services to customers to treat and dispose of low-level radioactive waste (LLW). It manages the national Low-Level Waste Repository in West Cumbria on behalf of the Nuclear Decommissioning Authority (NDA), overseeing a National LLW Programme to ensure that lower activity waste is managed effectively across […]
Femern A/S, the Danish Government-owned company created to build the 11 mile fixed link between Denmark and Germany, used our risk management software, Predict!, to assess the impact of the different risks on the construction cost of the link; and realistically estimate the risk reserve required for the project. The Fehmarnbelt link will stretch between Rødbyhavn in Denmark and Puttgarden in Germany. […]
How often are we advised that we should “identify and manage risk against objectives”? Sounds easy, but how many of us are doing this effectively, especially at the strategic level? Understanding your objectivesAt the tactical level, objectives are often defined as deliverables. For example, release a product on time, increase new sales by x%, cut […]
With the changing business environment brought on by events such as the global financial crisis, gone are the days of focusing only on operational and tactical risk management. Enterprise Risk Management (ERM), a framework for a business to assess its overall exposure to risk (both threats and opportunities), and hence its ability to make timely […]
Everyone agrees managing risk is a good thing, but it has traditionally been very hard to justify proactive expenditure on risk management activities. It is difficult to convince an organization to expend valuable resources on mitigating the impact of perceived future events that may, or may not occur. Additionally, after taking proactive action, how does […]
Monte Carlo simulation uses repeated random sampling to calculate results about physical and mathematical systems. It uses uncertainty in its inputs to generate a range of possible outcomes, which are then reported as results with a degree of mathematical confidence. The method tends to be used when it is infeasible or impossible to compute an […]
