Project Risk Management

Large industrial projects face risks that vary by stage. Challenges met during initial design will differ from those that arise during implementation. To clearly understand potential hazards and minimize unnecessary expenditures, risks must be assessed per stage as well as for the project as a whole. Only by understanding the large up-front investments required and the significant risks undertaken over time can we create an accurate risk profile.

DPS examines each phase to reveal vulnerabilities and suggest preventative measures before they lead to greater problems. Quantifying the impact of decisions, changing market conditions and unplanned factors that might affect projected revenue is critical. Our analysts account for initial expenditures, operating costs and generated income when calculating risk and developing a base economic model for your project. They also consider the financial impact of potential incidents and other uncertainties.

The economic model we develop can then be used to illustrate the impact on ROI of a delay during the design phase or of a market downturn during construction. Flexibility is a key component of risk management. Understanding potential scenarios allows for better contingency planning.

To project assets and mitigate risk, DPS evaluates:

• Concept description and initial design
• Each phase of construction and installation
• Plans for ongoing operations

While managing project risks, DPS collaborates with clients to understand their operations and provide an economic model that is unique to their regions and industries. We account for uncertainties specific to your project, and help reduce the risks to your investment.