Risk Management

The essence of good project management is the management of risk; through understanding, articulating, prioritising and acting.

For most of our projects we routinely provide a risk management strategy for clients in order that they may understand and respond to the threats faced by their project; be these financial, statutory, operational or circumstantial. The development of a risk strategy generally begins with a risk workshop, the setting up of a risk register (identifying risks as threats or opportunities and setting levels at which risks should be dealt with under a 'traffic light system' and agreeing the strategy in terms of responses such as embrace, avoid, reduce, fallback, transfer, accept, share, exploit, enhance, reject and so on.

It is often the case that we attribute cost to risk in order to put it into a financial context.

Michael Dyson Associates Ltd has many risk management models developed over the last twenty years for a variety of client and project types; and we are confident we can work with you to develop a bespoke strategy to contain and manage risk for your project.