Quantitative Risk Assessments,
and Management of risks
Risks are the bane of every project. Risks make good project decision making difficult, and sometimes seem to make it impossible.
Attwater Consulting approaches risks like no other consulting firm. We neither use nor promote some "magic bullet" tool in which we can plug and chug some of your data, using a host of unexplained or unjustified assumptions, to come up with mean point estimates of your risks. We use Advanced Analytics to develop custom quantitative assessments of your risks, producing full distributions for the risks, using all of your data and information. We present these distributions of your risks using our density strip charts that allow quick and easy prioritizations of risks. These quantitative assessments that we produce always enable quick, comfortable, and the very best decisions for those really tough and perplexing risk problems, like whether to invest which resources in which particular mitigation effort to reduce the risk, or to simply accept the risk. We can also develop predictive distributions (Value of Information measure distributions) based on your data to demonstrate how sure you can be that a particular risk mitigation might be effective, assessments of how sure you can be that the return on investment of mitigation resources will reduce the risk enough, before performing the mitigation. That really can help with those tough decisions.
Here are some examples of the unique capabilities offered by Attwater Consultants for risk:
Attwater Consultants are also experts in formal Risk Management. There are many established processes in project management and systems engineering that deal with the normal risks that all project experience, e.g., EVMS for project controls risks, Verification for risks of requirements not being satisfied in the as-built, Integration for risks that subsystems won't work together, Technical Performance Management for risks that technical challenges won't be met, Validation for risks in understanding the customer's problem, etc.. Formal Risk Management addresses all of those uncertain future issues that were not anticipated at the start of a project and addressed in all of the plans developed for the processes to manage them. These do happen to all projects, all project managers and Chief Systems Engineers are indeed human and cannot possibly think of everything that can possibly happen in advance. Attwater Consultants can help you structure your formal Risk Management process, and make it work to ensure success of your project. We have also developed a number of metrics that can be used to demonstrate how your formal Risk Management process is actually assuring project success.
Attwater Consultants have authored a number of papers solving some rather complex risk problems, some previously considered unsolvable, using quantitative risk assessments without assumptions. We can solve your risk problems as well.
Attwater Consultants provide unusually powerful risk and risk management methods that help insure your project from perils of the unknown. Contact Us for more information on how an Attwater Consultant can help fine tune your Projects into assured successes. We selectively accept short term and long term assignments all over the world; language used is English.