Quantitative Risk Assessments
Quantitative Risk Assessments
•Comprehensive Risk Identification: TEAMS conducts thorough risk identification exercises, engaging stakeholders to identify and document project risks across all phases and aspects.
•Risk Analysis: TEAMS performs risk analysis to assess the likelihood and impact of identified risks on project objectives.
•Schedule Risk Assessment (SRA): TEAMS conducts schedule risk assessments to evaluate the uncertainty associated with project schedules. Expert judgment, historical data, and advanced techniques such as Monte Carlo simulation to quantify the overall project risk exposure and its interdependencies.
•Scenario Analysis: TEAMS conducts scenario analysis to explore different risk scenarios and their potential impact on project outcomes, helping stakeholders understand the range of possible outcomes.
•Risk Mitigation and Contingency Planning: TEAMS collaborates with stakeholders to develop risk mitigation strategies, prioritising risks and helping establish contingency plans to address identified risks.
