The increase in the forecasts about a construction project decreases the setbacks. Risk management is a management method which aims at systematical assessment of the risks during decision-making. You can identify, prevent, and mitigate potential costly delays and disputes in ongoing project processes or before the project begins by benefiting from Loop Consulting Group’s risk management services for construction projects.
Risk Management
Loop’s consultants specialized in risk management in construction projects are competent to guide establishing an appropriate risk-return trade-off. For this purpose, we will be with you throughout the construction process to help you make conscious decisions about the project’s risks of varying in macro and micro levels. Since the projects are not identical, it is an obligation to re-examine the risks by using various methods besides the lessons learned. Besides this, the project risk management contributes to economic development in the scale of the state as well as the individual, and the company by increasing the success of the projects.
Loop ensures risk management in the construction and engineering fields by identifying and analyzing possible risks that may arise during the construction process. As the complexity of the construction and engineering projects changes, the magnitude of the risk for investors, contractors, architects, and the engineers increases the probability of the adverse impacts and losses on the projects. Loop recognizes this potential. Our construction risk management consultants adopt the proven practices and procedures and they also adapt to the continuous improvements and changes in the engineering and construction sectors throughout the construction process.
CONSTRUCTION RISK MANAGEMENT SERVICES
– Risk Identification,
– Disaster Prevention and Recovery Planning,
– Probability Assessments,
– Feasibility Study,
– Multivariate Regression Analysis,
– Sensitivity Analysis,
– Modeling Risk Profiles,
– International Risk Assessments,
– Contract Risk Analysis,
– Cost Increase Analysis,
– Risk Monitoring,
– Temporal Estimates,
– Cost Estimate,
– Delays and Setbacks,
– Decision Risk Analysis,
– Damage Assessment,
You can contact us as soon as possible by calling or clicking here to benefit from our expertise in construction risk management services.
CONSTRUCTION RISK IDENTIFICATION
In our ever-changing, developing, and the globalizing world with difficult competition conditions, identification of the risks, which constitutes the beginning of risk management for large volume projects such as construction and engineering projects, is a quite important and critical issue. Nowadays, considering the limited duration of the projects they carry out, the companies operating in the construction and engineering sectors are obliged to undertake projects with low-profit rates or high-risk levels in order to sustain their existence in the sector in the long term.
Loop Consulting Group assists its clients by taking an active role in identifying the risks as well as each stage of risk management such as monitoring risks, creating risk maps, developing risk models in line with the evolving information technologies. We act with the awareness that identifying these risks is the first step in reducing their potential impacts on the schedule and costs of a project.
Loop’s risk management consultants offer a unique perspective to define the risks associated with your project at each stage from conceptual design to the end of the project. Our services that can help you reduce the potential risks of your project include;
– Pre-construction Planning and Coordination,
– Construction Cost Management,
– Developing Risk Workshop,
– Avoiding Disputes and Mitigating Claims,
– Developing Risk Records,
– Qualitative Risk Assessments and Scoring,
– Quantitative Risk Analysis,
– Decision Risk Analysis,
– Sensitivity Analysis,
– Risk Mitigation Planning,
Whether you are an investor, program manager, contractor, architect, engineer, or a construction manager, Loop’s advisors are competent to support your team’s expertise with additional information to identify construction risks and to ensure the success of the project. They use the most advanced software and references in this framework;
– Project 4d,
– Constructsim,
– Oracle Primavera P6 Professional,
– Claim Digger,
– Oracle Crystal Ball,
– Oracle Primavera Risk Analysis (Pertmaster),
– Microsoft Project,
– Finest hour,
– Timberline,
– Rs means,
– Microsoft Excel,
Take advantage of our expertise. Please call our team or click here for more information on identifying the risks in your construction project.
PROBABILITY ASSESSMENTS
A risk is an event that “might happen”. The probability of the occurrence of the possibility may vary between a little over 0 and a little below 100. Loop Consulting Group’s experienced risk management experts focus on medium and high priority risks by assessing various possibilities that may create opportunities or threats for the progress of the project.
At the end of handling the probability-risk effect interaction, our experts prepare the risk map and therefore they take on responsibility in taking correct, effective, strategic decisions. Besides this, the probability assessment is used in allocating time and cost risk provisions in the time and cost management processes. Loop’s internationally experienced risk assessment specialists are competent to provide your project team with all the support they need to identify risk, probability assessment and identifying the priorities in risk management.
The risk assessment in a construction project which is handled by Loop in a systematic approach consists of the following basic steps;
– Contract Analysis,
– Identifying the Risks,
– Determining the Positive and Negative Results,
– Calculation of the Probability of Failure for Various Events,
– Preparing Risk Mitigation Plan,
– Developing Risk Records,
– Periodic Review of the Project Risk Records,
For more information about our risk probability assessment services, please contact us or click here.
FEASIBILITY REVIEW
The feasibility is a system developed to ensure the integration of experience and construction information in balancing various projects and environmental constraints and in the planning process, design, procurement and site operationsas much as possible to achieve all goals. In summary, it can be defined as the processes which should be addressed at the beginning of the planning and design phases and integration of construction assessments in these phases.
The unique experience and expertise of Loop Consulting Group in feasibility study provides very valuable advantages to its clients to reduce the problems that may arise in site, in the preparation and/or implementation of projects and specifications, thus in total quality management and cost-effectiveness approach. In order to appreciate its real value, it should cover multi-dimensional perspectives just like the drawings and specifications prepared by the design team are in interaction with the tools and methods envisaged by the contractor.
For more information about our feasibility study services, please contact us or click here.
SENSITIVITY ANALYSIS
Loop Consulting Group’s expert risk consultants want to know much about the impacts of your modeling assumptions based on time, cost, or revenue targets in your construction projects, on the results and they aim to guide the clients to make right decisions in the light of this sensitivity analysis.
Sensitivity analysis allows you to identify important or more sensitive factors in an assessment of the result and reassess the validity of your model. At the end of sensitivity analysis, you can create more realistic models and significantly increase the accuracy of your results, because you will know how your assumptions will affect your model.
The Loop Advisory Group actively uses sensitivity analysis in the execution and assessment of the following activities;
SENSITIVITY ANALYSIS ASSESSMENTS
– Maintaining New Project Development Studies,
– Temporal Acceleration and Compression,
– Allocation of Construction Resources,
– Mitigating Construction Risks
– Maximizing Profit and Market Share,
– Assessment of International Projects,
SENSITIVITY TOOLS AND APPLICATIONS
– Influence Diagrams,
– Tornado Diagrams,
– Precisiontree,
– Toprank,
– Oracle Crystal Ball,
– Oracle Primavera Risk Analysis (Pertmaster),
– Microsoft Excel,
For further information about how we can help you with sensitivity risk analysis of your construction project please call us or click here.
INTERNATIONAL RISK ASSESSMENTS
The changing competitive conditions in the construction sector and especially the emerging security problems in the international environment in recent years have significantly increased the size of the risk, the negative impact on the project, and the possibility of damage for all actors active in this sector.
The construction projects carried out in various countries of the world by Loop’s professional consultants in the international environment have made them a sought-after and important value in the field of international risk assessment. Our consultants help their clients by identifying and analyzing possible international risks that may arise during the construction process.
Our construction management team makes international risk assessments on construction projects to help mitigate and prevent costly delays and setbacks. To discuss your project and its international risks, please call our team or click here.
CONTRACT RISK ANALYSIS
Loop, both in determining the type of contracts the provisions through public and private investor, contractor, or subcontractor by the reduction of risk and be undertaken for a manageable level reduction advice to customers and it helps. Contractual risk legal disputes between the parties in the future to be born thus does not necessarily need to be addressed in detail the risks involved in the category.
Loop Consulting Group to assess these risks and risk professionals, including support to your customers. You can obtain more detailed information about our services or contract risk analysis by calling us or clicking here.
RISK MONITORING
Today, it is true that construction companies that manage risks effectively and efficiently provide significant savings in project costs, increasing project efficiency, improving the success rate of the new project and making better decisions in project management. Monitoring the risks that can occur from concept design to project closure is an important part of effective and efficient risk management to be addressed in this context.
In order to reduce claims and disputes, and assess the situation of projected risk provisions on the project budget and work schedule, Loop Consulting Group’s risk monitoring consultants have the experience of monitoring construction risks and introducing an impact mitigation response plan against any potential negative impacts. You can search or click here for more information about monitoring the risks that may occur during the project life cycle.
DECISION RISK ANALYSIS
Loop assists project managers who need to make conscious decisions in strategic areas by supporting their customers in the effective management of the risk management process. It is important that everyone involved in the decision-making process consciously analyzes the proposal. Strategic decision makers need to be sure that the risks and opportunities of the project are fully assessed. Our primary aim is to transform a complex problem into a clear and analyzable decision. In this context, with the awareness that the strategic mistakes cannot be covered by the tactical achievements and deep experience in this field, Loop Consulting Group’s decision risk analysts provide unparalleled support for the decisions of our valued clients.
Furthermore, taking the right decisions as a natural result of an accurate risk management process is also very important in terms of lightening the burden of the decision-makers who have to act in accordance with the accountability principle. Loop’s professionals are competent to assess the decision risk analysis of your project in accordance with the most up-to-date sectoral developments and by using modern methods to ensure that you make the right decisions on the strategic issues and the quality of your decision, regardless of your field of activity in the sector.
DECISION RISK ANALYSIS ASSESSMENTS
– Keeping New Project Development Studies,
– Acceleration and Compression of Work Schedule,
– Allocation of Construction Resources,
– Reducing Construction Risks,
– Maximizing Profit and Market Share,
– Assessment of High-Risk National and International Projects,
DECISION RISK ANALYSIS TOOLS AND APPLICATIONS
– Precisiontree,
– Monte Carlo Simulation,
– Riskview,
– @Risk,
– Oracle Crystal Ball,
– Oracle Primavera Risk Analysis (Pertmaster),
– Toprank,
– Microsoft Excel,
Please call us or click here to inquire about our decision-risk analysis services in construction projects that have been experienced many times.