RISK MANAGEMENT
Project Risks are captured, classified, and mitigation actions monitored and reported for timely actions that reduce impact of risks on project cost and schedule.
Risk Management capabilities
Project Risks are captured, classified, and mitigation actions monitored and reported for timely actions to reduce the impact of the risk on the project cost and schedule.
“Before implementing SmartProject more than 70% of our projects used to get delayed. Now no project gets delayed as SmartProject's early warning system helps us take corrective action in time.”
F.R. Singhvi, Joint MD, Sansera Engineering
*Based on customer feedback
Risk Identification
List potential risks in the Risk Register of all project activities, at the project or deliverable level, and identify the mitigation plan for each.
Customized Classification
Define custom risk types. Grade severity of each risk based on its likelihood and potential impact on project goals.
Monitor & Review
Monitor and review identified risks before they can escalate.
Risk Mitigation
Create risk mitigation plans and action points in the Risk Register and delegate them to your team to ensure each risk is fully mitigated.
Engineering & Construction Risk Management Features
Risk-definitions from 'Risk Master'
Manage Risks linked to Schedule, Cost and Quality
Risk Identification in Risk Register
Predicted Impact of Risks on Project Goals
Monitor and Review Risks
Risk Response and Mitigation
Risk Analysis with Heatmap
Probability and Impact of Occurrence
Existing and Residual Risk
Analysis of Worst Case, Net and Future Risk
Additional Resources
Case Study
L&T Construction - MMH is India's leading turnkey EPC solution provider of metallurgical projects.
White Paper
Thought Leadership: Post-Pandemic Workforce Transformation Potential in the Engineering Consulting Industry
Additional Resoures
Case Study: Reliance
The case explores how Reliance used SmartProject as an end-to-end fully integrated project performance monitoring system.
Case Study: CBRE
The case shares how CBRE used SmartProject to manage projects, generate management dashboards and ensure process compliance.
Can IT de-risk projects?
The role of IT in EPC is vastly misunderstood!. IT is a set of tools, that you do not currently have, to get you where you want to go.