At Kurit we understand that risk management is generally an integral part of our general project and cost management services. However, we consider the importance of the Risk Management and as such, that we offer Risk Management as a separate standalone service to our clients.

 

Kurit can provide risk management project review and workshops in which we will introduce clients to our robust methods of risk management including KURIT’s “I AM Risk” philosophy- Identify, Assess and Manage Risk.     

 

• Identify- identify potential events and sequences of events where risk is present. Risks can be found in the form of existing organisation or know threats to a project. 

 

• Assess- find the quantitative risk of each of the identified risks, weighing their potential impacts against the likelihood of the risk occurring. 

 

• Manage- each risk is to be allocated a ‘risk manager’ who will monitor the risk on a regular basis. The ‘risk manager’ is responsible for assessing and updating the likelihood of a risk occurring and development of a risk mitigation strategy to either reduce either the likelihood of a risk coming to fruition or the impact should said risk come to fruition.  

 

The implementation of Kurit's Risk Management strategy not only aids with the commercial management and mitigation of risk but also provides improved visibility and a structured approach in respect to the enhancement of project contingency.

 

At Kurit we believe that the combination of Risk Management and Project Cost Management is a key pillar in protecting a client’s commercial interests by offering improved levels of cost certainty whilst managing and mitigating the ongoing commercial risks of a project.