Risk ManagementRisk Management is a process of thinking systematically about all possible risks, problems or scenarios before they occur and developing procedures and strategies to identify the risk and avoid, manage or control its impact. It is also about making a realistic evaluation of the true level of risk.
Developing risk management systems involves preparing and implementing procedures to ensure effective action is undertaken. While it is important a risk management plan allows for most possible scenanios, it is also important the system be easily understood by your management team - for it to be effective, it has to be workable.
BMG is experienced in developing, implementing and monitoring risk management systems in a wide range of projects, calling on its experience to deliver to its clients a robust, workable and complying risk management system, tailored to the clients' individual needs whilst complying with relevant specified, legislative and contractual requirements.
Our project experience, coupled with a structured and disciplined approach to risk management, provides us with a unique insight into risk identification and management.
We support the project and corporate teams in the following ways;
• Developing a risk management procedure• Developing a risk management plan and revvieing and redefining it as needed• Defining the risk tolerance threshold• Categorising risk and severity• Outlining the roles and responsibilities in terms of risk for each project team member and stakeholder• A contingency outline of risk budget and costs• Log and maintain a risk register for management control and visibility• Identify causes• Measure likelihood of each event• Forecast effect of the risk on the project• Quantitative risk analysis by assigning weight to each risk based on probability and potential impact of the risk• Devloping and updating a risk register• Develop options and actions that will enhance opportunities and reduce threats to project objectives • Monitor, control and alert the project team in identifying risks and executing appropriate response plans• Identify and implement any opportunities along the project life cycle
QHSE ManagementA good Quality, Health, Safety and Environmental (QHSE) management system is an essential ingredient for the success of a project and business.
BMG has a great deal of experience in the development, implementation and management QHSE Management systems, drawing on its experience on projects and corporate systems using ISO9000, ISO14000 & AS4801 standards.
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Developing risk management systems involves preparing and implementing procedures to ensure effective action is undertaken. While it is important a risk management plan allows for most possible scenanios, it is also important the system be easily understood by your management team - for it to be effective, it has to be workable.
BMG is experienced in developing, implementing and monitoring risk management systems in a wide range of projects, calling on its experience to deliver to its clients a robust, workable and complying risk management system, tailored to the clients' individual needs whilst complying with relevant specified, legislative and contractual requirements.
Our project experience, coupled with a structured and disciplined approach to risk management, provides us with a unique insight into risk identification and management.
We support the project and corporate teams in the following ways;
• Developing a risk management procedure• Developing a risk management plan and revvieing and redefining it as needed• Defining the risk tolerance threshold• Categorising risk and severity• Outlining the roles and responsibilities in terms of risk for each project team member and stakeholder• A contingency outline of risk budget and costs• Log and maintain a risk register for management control and visibility• Identify causes• Measure likelihood of each event• Forecast effect of the risk on the project• Quantitative risk analysis by assigning weight to each risk based on probability and potential impact of the risk• Devloping and updating a risk register• Develop options and actions that will enhance opportunities and reduce threats to project objectives • Monitor, control and alert the project team in identifying risks and executing appropriate response plans• Identify and implement any opportunities along the project life cycle
QHSE ManagementA good Quality, Health, Safety and Environmental (QHSE) management system is an essential ingredient for the success of a project and business.
BMG has a great deal of experience in the development, implementation and management QHSE Management systems, drawing on its experience on projects and corporate systems using ISO9000, ISO14000 & AS4801 standards.
Return to Our Services