Protecting Your Project’s Schedule, Budget, and Quality
Complex capital projects in construction, energy, and infrastructure involve hundreds of interdependent activities, each carrying risk. Effective Project Risk Management (PRM) ensures those risks are recognized and mitigated before they compromise outcomes.
BQCIS works with clients to establish a proactive, structured approach aligned with ISO 31000 and PMBOK® standards—embedding risk thinking into every project stage from planning to execution. This includes developing a risk register, quantifying probability–impact matrices, and prioritizing responses that keep projects predictable and resilient.
Our facilitators and engineers combine qualitative and quantitative methods—such as Monte Carlo simulations and expert elicitation—to help organizations reduce uncertainty and protect return on investment.
Key Project Risk Activities
Key Benefits of Project Risk Management
Controlled Cost & Schedule Variance
Early identification of threats enables better contingency planning and reduces unexpected overruns.
Improved Stakeholder Confidence
Transparent risk processes build trust with investors, regulators, and contractors, demonstrating strong governance.
Higher Predictability & Quality Outcomes
Integrating risk control into project planning minimizes scope creep and improves delivery assurance.
Institutionalized Learning & Resilience
Capturing lessons learned transforms one-time insights into repeatable, enterprise-wide risk intelligence.
Success Story
Risk Workshop Prevents Six-Week Delay
A refinery upgrade faced potential delays due to overseas equipment procurement. No formal risk analysis had been conducted during planning.
BQCIS conducted a one-day Project Risk Workshop identifying supplier concentration and port disruption exposure. The team developed immediate mitigation and dual-sourcing measures.
When an actual port strike occurred months later, alternative sourcing allowed uninterrupted supply—saving over $1.2 million in potential delay costs and preserving the delivery schedule.