Project Controls and Risk Management
Partnering for Success
Risk is inevitable throughout a project’s lifecycle – from planning through execution and commissioning. Each phase presents a new set of challenges that create opportunity for risk.
The Modus team brings unrivaled engineering, procurement and construction management expertise to help our clients identify and manage project risks. And while many risks may pose a threat to project success, we recognize that risk also presents a great opportunity to improve a project’s efficiency and profitability.
Our risk management expertise stems from our consultants’ many years of boots-on-the-ground project management and project oversight. Our process includes partnering for success by engaging with a project owner’s project management resources to form formidable and effective teams across a diverse set of projects. Our risk management services include:
- Tracking a project’s schedule, budget and commercial status and identifying key risks
- Developing different methods for gauging those risks’ potential impact and consequences, and establishing methods to mitigate risk
- Performing cost trending analyses, forecasting and reforecasting
- Developing stochastic-based management reserve and contingency
- Evaluating and suggesting improvements to integration between project risk management and enterprise risk management systems and capabilities
- Working with every level of the organization, on the ground and in the board room, to identify and manage risk
- Conducting risk workshops and interviews to identify threats, aggregate relevant data, and present fact-based risk assessment
- Creating and implementing risk management tools that can be updated and reused to help ensure the success of future projects
