Business and investment decisions are made in an environment of risk and uncertainty that is fueled by complexity, disruption, interferences, economic volatility, stringent regulatory requirements, new technologies, and innovation. The ability to effectively detect and manage these risks and take maximum advantage of opportunities in such an environment is critical to creating and protecting stakeholders’ value and achieving business and investment objectives.
Our team of risk advisors can help you develop risk management strategies that are tailored to your business needs and investment decisions. With our support, you will be better prepared to manage a wide range of opportunities and risks, become more resilient, and obtain the best risk-return relationship for your capital investments.
Construction managers and their teams have to find savings opportunities early in the project life cycles. They have to build programs that both support, and are supported by, engineering and procurement. This is the most ideal scenario, but many times the construction management team is brought in too late. If they can't find innovative ways to integrate into the project and prevent costly rework, cost and schedule are compromised.
So how does a successful construction management program balance cutting costs without compromising safety and quality?
From traditional qualitative and quantitative project risk assessments and hazard studies, to risk analytics, resiliency planning, and climate risk management techniques, Jacob E & C Services provides a wide range of risk management services that are integrated in key project processes and decisions throughout the project life cycle and beyond. We help you understand where the most significant risks and opportunities are and how they affect your investment objectives and provide you with an increased degree of confidence that your project will be completed within the approved investment risk profile.
Our risk advisors will scan the project scope, objectives, stakeholders, assumptions, and constraints, and develop project risk management strategies that are effective, sustainable, tailored to the project-specific needs and objectives, and integrated into key project activities and decision-making processes.
We provide unbiased direction and guidance to project teams in matters related to risk. Through a risk identification and assessment process, we help project teams and stakeholders gain a shared understanding of where the most significant risks and opportunities are and what is required to effectively manage them in order to obtain better investment outcomes.
Jacob E & C Services utilizes probabilistic and parametric QRA models (integrated cost - schedule - risk events models) which, combined with our risk analysts modelling expertise and unbiased facilitation skills, enable you to make more informed investment decisions with a higher degree of confidence that their projects are completed within the approved investment risk profile.
Our specialists employ artificial intelligence, machine learning, predictive analytics, network analysis, and Bayesian probabilistic methods to help you quantify risks and risk dependencies both within projects and technical engineering systems. Risk analytics solutions are the most valuable when traditional risk assessment methods impose unrealistic assumptions due to lack of data or high degrees of probabilistic dependencies. That includes dealing with networks of complex interdependent risks, infrequent events such as accidents, fat or heavy-tailed phenomena, black swan events, and intangible and hard-to-measure risks. We help you understand your value at risk through comprehensive risk identification and quantification for a risk adjusted valuation of your portfolio on investment opportunities that is free of bias.
Structured and data-driven assurance assessments that focus on confirmation that critical preventative controls are valid and in place to mitigate the occurrence and impact of highly unlikely, but highly impactful risk events. Driven by experienced subject matter experts, our approach, aligned with the International Council for Mining and Metals principles, unearths real risks and puts in place engineering controls to eliminate or reduce the potential of a catastrophic event.
Decision analysis is a key component of risk management. We help clients analyze potential investment alternatives in order to select the optimal option. We assist with the planning and evaluation of all reasonable investment alternatives by assessing the net present value, risk, and uncertainty. The aim is to introduce an opportunity realization checkpoint prior to the project obtaining approval of the preferred investment option and proceeding with execution.
Projects make increasing use of value improving practices to improve the chances of achieving positive outcomes. We implement tailored approaches, delivered with sufficient rigor to ensure the integrity of the outcome, capitalizing on the expertise and input of the participants.
Jacob E & C Services utilizes an industry-proven six-step hazard study process to identify and evaluate deviations from the design intent and operability issues that could affect people, property, and the environment during facility construction, commissioning, operations, and maintenance. The hazard studies are supplemented by more in-depth process functional analysis.
We help you anticipate and plan for business and project disruptions while ensuring resilience is designed into your solution to deal with crises when they arise. We can help you respond quickly and effectively to the disruptions that may face your unique critical activity profile. This includes:
Emergency preparedness and response planning
Business continuity and resilience
Crisis management
We assist clients with climate risk identification and the assessment of climate risk impact on assets, people, ecosystems, culture, etc. This includes :
