At Risk Decisions, our new customers are typically implementing our Predict! software, to replace their spreadsheet-based risk management setup. Spreadsheets are great for getting started, but they have many pitfalls...
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With a large number of projects and programmes on the go, varying in size from £2-24M, Babcock Network Engineering opted to implement the Predict! suite of risk management software, as...
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?...
There is widespread agreement across the pharmaceutical industry that the vast majority of trials fail to meet their timeline targets. This article makes the case that a significant part of...
When managing a program or portfolio of multiple projects, risks have to be managed at a level appropriate for each individual project. With the right organisational structure and software in...
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...
Sound risk management process and robust earned value management (EVM) application each offer the opportunity to improve project control and provide the project manager with reliable information on which to...
In a recent guidance paper regarding risk appetite and tolerance, the Institute of Risk Management highlighted the importance of the question: “Do the executives understand their aggregated and interlinked level...
In an increasingly competitive and cost-sensitive environment, CROs need to be better informed on how risky a particular bid price might be (the probability of making a profit or loss)....
Introduction Most organisations aspire to practise effective Enterprise Risk Management (ERM), but very few are achieving it. Over the last decade, much effort has gone into implementing systems to comply...
"At companies that have a formal ERM program -- by no means a majority – ERM is generally in a nascent stage. We believe that ERM eventually will not be...
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...
Organisations are taking up the challenge to improve risk management at all levels from project and operations to Enterprise Risk Management. The focus is to ensure that business objectives are...
