RISK MANAGEMENT
Alexander and Davis Consulting positions each and every Client with the applicable expertise to achieve solutions to their toughest and most complex challenges.
OUR CORE SOLUTION TO EACH AND EVERY CLIENT IS THE PROVISION OF WORLD CLASS EXPERTS THAT CHANGE THE WORLD WE LIVE IN, WITH STRATEGIES THAT SURVIVE THROUGH THE VARIOUS LIFE CYCLE OF YOUR BUSINESS.
OUR CORE SOLUTION TO EACH AND EVERY CLIENT IS THE PROVISION OF WORLD CLASS EXPERTS THAT CHANGE THE WORLD WE LIVE IN, WITH STRATEGIES THAT SURVIVE THROUGH THE VARIOUS LIFE CYCLE OF YOUR BUSINESS.
MANAGE RISK EARLY AND OFTEN
This is an area that should be looked at throughout the duration of the program. There is always a risk factor and driving toward working on projects that have the greatest chance of success or the greatest impact to the organization is essential in assessing the value of the program. Risk needs to be assessed, managed, and mitigated where possible, but it is important to know the risk of the program at any given time and communicate that to external stakeholders.
MANAGE PREVENTABLE RISKS
Preventable risks ARE DEFINED AS internal risks, arising from within the organization, that are controllable and ought to be eliminated or avoided. TYPICALLY CATEGORIZED AS unauthorized, illegal, unethical, incorrect, or inappropriate actions and the risks from breakdowns in routine operational processes.
WE MAINTAIN a zone of tolerance for defects or errors that would not cause severe damage to the enterprise and for which achieving complete avoidance would be too costly. IN EACH PROJECT, WE seek to eliminate these risks.
SPECIFIC risk categorIES ARE best managed through active prevention, INCLUDING THE monitoring OR operational processes and guiding people’s behaviors and decisions toward desired norms.
WE MAINTAIN a zone of tolerance for defects or errors that would not cause severe damage to the enterprise and for which achieving complete avoidance would be too costly. IN EACH PROJECT, WE seek to eliminate these risks.
SPECIFIC risk categorIES ARE best managed through active prevention, INCLUDING THE monitoring OR operational processes and guiding people’s behaviors and decisions toward desired norms.
STRATEGY RISKS
A PROJECT voluntarily accepts some risk in order to generate superior returns from its strategy.
Strategy risks are quite different from preventable risks because they are not inherently undesirable. A strategy with high expected returns generally requires the company to take on significant risks, and managing those risks is a key driver in capturing the potential gains.
Strategy risks cannot be managed through a rules-based control model. Instead, you need a risk-management system designed to reduce the probability that the assumed risks actually materialize and to improve the company’s ability to manage or contain the risk events should they occur. Such a system would not stop companies from undertaking risky ventures; to the contrary, it would enable companies to take on higher-risk, higher-reward ventures than could competitors with less effective risk management.
Strategy risks are quite different from preventable risks because they are not inherently undesirable. A strategy with high expected returns generally requires the company to take on significant risks, and managing those risks is a key driver in capturing the potential gains.
Strategy risks cannot be managed through a rules-based control model. Instead, you need a risk-management system designed to reduce the probability that the assumed risks actually materialize and to improve the company’s ability to manage or contain the risk events should they occur. Such a system would not stop companies from undertaking risky ventures; to the contrary, it would enable companies to take on higher-risk, higher-reward ventures than could competitors with less effective risk management.
PUSH THE ENVELOPE
PROJECTS TYPICALLY establisH a risk review board made up of independent technical experts whose role is to challenge project engineers’ design, risk-assessment, and risk-mitigation decisions CAN PUSH THE ENVELOPE ON ALL THINGS RISK RELATED.
The experts ensure that evaluations of risk take place periodically throughout the product-development cycle. Because the risks are relatively unchanging, the review board needs to meet only once or twice a year, with the project leader and the head of the review board meeting quarterly.
The experts ensure that evaluations of risk take place periodically throughout the product-development cycle. Because the risks are relatively unchanging, the review board needs to meet only once or twice a year, with the project leader and the head of the review board meeting quarterly.
RISK MANAGEMENT DELIVERABLES
- Risk identification and assessment
- Risk monitoring
- risk management register
- Risk-mitigation measures
- Risk Management table (INCLUDING Unforeseen risks)
STRATEGY| EFFICIENCY| KNOWLEDGE
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CLIENT SERVICE EXCELLENCE
Offering PREMIER & subject matter expert ENGINEERING services in our core sectorS. this allows alexander and davis consulting to provide world class project services to multiple industry sizes WITH WORLD CLASS EXPERTISE. |
QUALIFIED & Reputable
CLIENT PERFORMANCE IS NOTABLE IN OUR PROJECT EXECUTION AND VASTLY RECOGNIZED WITH THE ABILITY TO ADAPT TO global execution platform and STREAMLINE capabilities. |
HOUSTON ENGINEERING FIRM HOUSTON ENGINEERING FIRM HOUSTON ENGINEERING FIRM HOUSTON ENGINEERING FIRM HOUSTON ENGINEERING FIRM HOUSTON ENGINEERING FIRM HOUSTON ENGINEERING FIRM HOUSTON ENGINEERING FIRM HOUSTON ENGINEERING FIRM HOUSTON ENGINEERING FIRM HOUSTON ENGINEERING FIRM HOUSTON ENGINEERING FIRM
QUALITY | RELIABILITY | EXPERTISE
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KNOWLEDGEABLE
OUR UTILIZATION OF DISTRIBUTED EXECUTION ALLOWS COLLABORATION WITH PARTNERS, COUNTERPARTS, AND INTEGRATED SOLUTIONS SO THAT YOU CAN SAVE MONEY IN THE EXECUTION OF OTHER PROJECT RELATED FUNCTIONS. |
Global Experience
oUR SOLUTION OF STREAMLINE ENGINEERING EXPERTISE WILL HELP YOUR PROJECT ACHIEVE YOUR BUSINESS GOALS. THIS INCLUDES OUR CONSTRUCTION DRIVEN, DESIGN REVIEWS, AND VALUE ENGINEERING APPROACH THAT SAVES YOUR PROJECT BOTH TIME AND MONEY. |
ENGINEERING CONSULTANT ENGINEERING CONSULTANT ENGINEERING CONSULTANT ENGINEERING CONSULTANT ENGINEERING CONSULTANT ENGINEERING CONSULTANT ENGINEERING CONSULTANT ENGINEERING CONSULTANT ENGINEERING CONSULTANT
RELIABILITY | COST SENSITIVITY| DEPENDABILITY
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Vast Industry Experience
OUR CUSTOMERS REMOVE THE NEED FOR THE CONTINUOUS VETTING OF ENGINEERING CONSULTING WHEN THEY UTILIZE ALEXANDER AND DAVIS CONSULTING FOR THEIR PROJECTS. ALEXANDER AND DAVIS MAINTAINS CONTINUITY AND TRANSPARENCY WHEN ACHIEVING KEY CUSTOMER NEEDS. THE STRUCTURED APPLICATION OF PROVEN TECHNIQUES, APPLIED AT MULTIPLE PHASES OF THE PROJECT, WITH THE PRIMARY OBJECTIVES; SUCH AS, TO IDENTIFY COST REDUCTIONS. |
excellent Past Performance
ALEXANDER AND DAVIS CONSULTING CONSULTANTS APPLY value IN EVERY ASPECT. EACH OF WHICH divides the total project's scope of work into components, WHILE SUPPORTING THE examinATION OF each individual component for alternatives that offer benefits in the areas THAT THE BUSINESSES NEED IT THE MOST. |
GLOBAL DIVERSITY| COST SENSITIVITY| EXPERTISE
email: info@alexanderanddavis.com