Risk Management
Mitigating Uncertainty and Strengthening Project Resilience
At CSPM Consulting, we help projects proactively identify, assess, and mitigate risks to maintain cost and schedule certainty. Our structured risk management approach integrates seamlessly into project planning, ensuring that risks are addressed before they impact execution. By applying Schedule Risk Analysis (SRA), Cost Risk Analysis (CRA), Monte Carlo simulations, and structured risk workshops, we provide project teams with data-driven insights that enhance forecasting, contingency planning, and decision-making.
Our Approach
- Risk identification and assessment
Facilitating risk workshops to systematically identify and categorize potential project risks, ensuring early recognition and response planning.
- Quantitative and qualitative risk analysis
Applying schedule risk analysis and cost risk analysis to evaluate risk probability, impact, and mitigation strategies.
- Cost and contingency planning
Developing risk-adjusted cost estimates, tracking cost exposure, and establishing contingency strategies to mitigate financial uncertainty.
- Schedule risk analysis and forecasting
We integrate Earned Value Management (EVM), variance analysis, and forecasting to ensure real-time alignment with project goals.
- Risk & contingency planning
Using Monte Carlo simulations and probabilistic scheduling to assess the likelihood of meeting key project milestones under various risk scenarios.
- Change management and impact evaluation
Establishing structured change control processes to assess and manage schedule and cost impacts before implementing project changes.
- Risk monitoring and reporting
Providing real-time dashboards and risk registers to track ongoing risks and support proactive risk response strategies.
Why Choose CSPM Consulting?
- Expertise in risk and contingency management for infrastructure, utilities, transport, and energy projects.
- Proven methodologies including schedule risk analysis, cost risk analysis, Monte Carlo simulations, and structured risk workshops.
- Integrated risk and change management processes that align with project planning and execution strategies.
- Recognised as Asia-Pacific Project Controls Small Business of the Year (2024).
