Risk Management
Clients are increasingly seeking to understand and manage all elements of risk in their business. At Rider Levett Bucknall we fully understand the importance of Risk Management, which is an integral and proactive part of good project management and a source of proven benefits. The skill is having the expertise to identify all project risks and reduce them to an acceptable level. This is always more effective by using a formal approach rather than relying upon intuition.
With extensive experience in the administration of construction contracts, we assist clients in minimising risks through an optimal allocation of risk to the contractor taking into account factors such as expertise of the parties in handling the risk, the monetary value of the risk compared with the size of the contract and which party is in a better position in controlling the risk.
We will advise the project team on strategies for identifying and minimising specific risks together with appropriate levels of cost and a methodology for managing risks within the identified levels.
Moreover, we will provide a Risk Management Plan structured to complement the body of knowledge that exists within the client and marry up our procedure that parallels the Association of Project Managers’ Project Risk Analysis and Management (PRAM) Process.
Corporate Capability
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RLB Global Capability Statement 2011-12