When conducting a project, your project team will use one of the many project management tools available to support them.
However, if the project impacts on the building or any of the facilities, these tools are not designed to identify and manage the associated risk, which is important in any site, and particularly so in a critical environment such as a trading floor or a data centre.
Riskenomics will model the necessary steps for the successful completion of the project, either with no interruption to critical functionality, or clearly managed and scheduled downtime, whichever is appropriate.
While Riskenomics has many applications for project risk management, the four most commonly used are:
Operational project risk
With Riskenomics, we will work with you to create a model to understand the impact of a project on the operational environment and how these are to be managed. It gives the project team clear procedures to follow and stores all documentation within Riskenomics.
Riskenomics provides the operations team with the means of checking all procedures are being followed, both during the project and at sign off, as well as flagging any potential risks in advance so that critical system failure can be averted.
Mobilisation
Most contracts provide the first 90 days for full mobilisation. In many instances, contracts go live without full alignment of both parties and without all issues resolved.
With Riskenomics, we model all the steps necessary to mobilise within this time frame. It means that all queries and potential futures issues can be clarified and resolved during this mobilisation period, with the result that the contract can go live with all issues resolved from the start.
A major Global City Bank has recently utilised Riskenomics to model the Transition and Mobilisation of their latest mechanical and electrical engineering services contract across their principle portfolio of buildings. The models covered all contractual aspects of both processes and recorded status, documentation (all retained in the model for future reference) and programme issues to conclusion. This was recognised by both the client and the contractor as a very positive process for which both sides received significant benefit.
Moves & changes
The refurbishment of a building will have a significant impact on operations and people. With Riskenomics, you can model the entire process, see the interaction between multiple moves and deliver efficiencies and on time completion.
A major global bank was refurbishing their corporate HQ in the UK, floor by floor. The first six floors were “a disaster” – their words not ours! They brought in Riskenomics to model the whole process for the rest of the building. The remaining floors were completed on time and on budget, with far less stress.
Soft landings
Soft Landings is a framework for clients and occupiers of new and refurbished buildings. It is more than a handover protocol, as it covers not only the scoping, design and handover, but goes beyond into initial and extended after care once the building is occupied.
Architects, designers and building contractors are more closely involved with the client, the service provider and occupants of the building before, during and after the project. The aim of this is to improve operational readiness, as well as the performance of the building once the occupants move in.
The Riskenomics dependency model is well established as a highly effective means of managing project risk, including those projects where Soft Landings procedures are incorporated. Riskenomics gives clients and service providers the tools to manage the overall project and keep everything on track for delivery on time and on budget.