Project Risk Management

Execution Risk Assessment

Project Managers need to know more than just how uncertain their project cost and schedule is: they need to know what to do about it. Identifying and prioritizing project risks while in mid-execution can be overwhelming, and that’s where we can help. APS’ Execution Risk Assessment provides project managers with a unique way to identify and quantify the risks and opportunities inherent in major capital projects, allowing more informed decision-making.

Our approach combines Monte Carlo risk analysis with our extensive project experience to help project managers identify the key drivers of project cost and schedule risk, and helps them understand the probabilistic impact of making different choices. This approach can be used to enhance decisions across the project lifecycle, from early concept selection to mid-execution schedule recovery. Our clients have used this approach to quantify the risks for over 250 major capital projects ranging from $20 million to over $40 billion.