How to manage risks in a smart way during and after the coronacrisis
Your risks in focus and prioritized within a week and clarity about the measures you need to take to control them? BLOC takes care of your risk analysis and strategy in no time. Right now.
Why?
Risk management helps a project to better control the aspects of time and money, for example, by thinking in advance about potentially undesirable events and by taking timely action to prevent or reduce these events. It promotes confidence in the project (also among the clients and the project team), supports the decision-making process and promotes communication within a project.
How?
During projects, we pay attention to risk management at every stage. We go through the following steps in a cyclical process.
1- Identify the main risks
We make an inventory of the most important risks for the project. We approach the risks from different angles (financial, legal, technical, organisational, spatial and social).
2- Valuing the risks
We value the risks on the basis of the probability of their occurrence (0–25% / 25–50% / 50–75% / 75–100%) X the severity of the consequences. The consequences are distinguished from the aspects:
- Time (for example: delay 0–3 months / 3–6 months / 6–12 months / > 12 months).
- Money (for example: additional costs 0–0.5M / 0.5M — 2M / 2M — 5M / >5M).
3- Mapping of control measures
We map out a set of control measures for each risk. We also determine who will actually implement the control measures.
4- Implementation of control measures
The responsible teams and individuals ensure that the measures are actually taken.
5- Evaluation of control measures
On a regular basis, we check whether the control measures have been implemented and whether the measures have had the desired effect.
6- Perform update risk analysis
After the evaluation of the control measures, we update the list of risks, as it originally resulted from the risk analysis. This means we make an assessment of which risks can still occur and which cannot. We will also identify possible new risks and add these to the list.
Working online? No problem.. In some cases even better!
Why BLOC?
We are a team with a very broad on- and offline skillset, including: engineers, designers, leisure professionals, legal experts, financial experts, planners, you name it. We apply risk management in all phases of the projects in which we are involved. And we have mapped out the risks of major projects for various municipalities and provinces (such as the municipality of Venlo and the province of Zuid-Holland). We are creative entrepreneurs. But we are also risk managers!
Curious what we can do for you? Get in contact with our specialist Lennart!
