WHAT TYPES OF ANALYSIS DO WE DO?
We can help with:

• Risk analysis of projects
• Risk analysis of programs
• Risk analysis of business cases
• Risk analysis of schedules
• Sparring in connection with risk analysis
• General risk management setup

WHAT TYPES OF BUSINESSES DO WE HELP?
For example, we help within:

• Builders
• Contractors
• Engineering companies
• IT companies
• HW/SW manufacturers
• Wind turbine companies
• Private as well as public

HOW TO MAKE RISK WORKSHOPS EFFECTIVE
You can do this by, for example:

• Ensuring participants believe that keeping track of risks is beneficial
• Ensuring participants are motivated and engaged
• Using visual means, e.g. cardboard cards and Post-Its
• Adding a third dimension: Dedectability
• Ensuring that the focus is on the most important 10
• Identifying risk owners and risk handlers
• To facilitate the creation of action plans
• Use simple spreadsheets or software
• Securing an experienced meeting leader/facilitator

WHAT IS DETECTABILITY?
Detectability is a measure of how far in advance you can see if a risk or opportunity is about to occur.

For example, the ability to predict a storm with high water levels is highly predictable because meteorologists have good models to predict this.

On the other hand, meteorologists have a low deductibility to predict where localized hail the size of ping pong balls may occur.

ADVANTAGE
Usually, most people only use impact and probability to assess the severity of a risk.

Adding detectability gives you a better opportunity to sort out the most dangerous risks from a larger pool of risks.

In FMEA (Failure Mode Effect Analysis), detectability is used as the third parameter to select the most significant elements.

Watch a YouTube video on Tips & Tricks for effective risk analysis.