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...
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Babcock’s Infrastructure Network Engineering business unit undertakes time-critical infrastructure projects for customers operating in the Communications Infrastructure, Power and Rail industries. Although the markets in which they operate are very...
Hatch, a global engineering, project and construction management company, implements Predict! to manage risk on capital projects and analyse risk information across business units, regions and clients. Implementing Predict! represents...
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?...
QinetiQ Australia today announced it has selected an enterprise risk management software tool called Predict! from Risk Decisions to manage risk and opportunities across the business. Alan Woolford, Chief Executive...
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...
BAE Systems Plc spends more than £10 billion a year with 25,000 suppliers around the world. In this article Keith Roach, Head of Enterprise Risk Management, explains the importance of working...
The survey, published in Risk Management Professional, the IRM’s official magazine, takes a look at risk software from an ERM (Enterprise Risk Management) perspective. The survey’s aim is to help...
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)....
