This is undertaken from concept across to continued operation and maintenance.

Robust risk management efforts are increasingly critical in a volatile global economy, where organisations face a growing number of risks that are affecting their competitiveness as well as their viability.

Risk is now an integral component of any project; but what is risk?

The Likelihood of a young driver to smash a car is higher than a seasoned driver, but the consequences of such an event can change significantly depending on the replacement value of the vehicle.

The Likelihood multiplied by the value of the Consequence determines the risk.

Some risk assessments are of the likelihood of the project being completed on time with multiple inputs.  Some risk assessments are of the likelihood of injury from a simple procedure being undertaken by many.

At Alive Information we work with clients to integrate risk within projects to create a better outcome.  This is often named under the banner of  ISO31000.  This may include compliance reports.

Consider where you are in your project and consider how different parties are going to integrate risk assessments.