WSP PROJECT CONTROLS & TECHNOLOGY IN REAL-TIME

RISK MANAGEMENT “Proactive Risk Awareness Culture" At WSP we believe that Risk Management is more than a process, it is about building a culture of looking forward and being proactive to enable projects, programs and organizations to manage risk and embrace opportunities. Risk management is inherent in everything we do, from delivering small to complex projects and programs or initiating organizational change. WSP’s Risk Managers embrace the unknowns to create opportunities within a structured risk management framework.

We can help create a platform for you to understand your risk and navigate the data to allow you to make informed decisions. Our approach aligns to PMBOK Risk Management standards of practice and involves the planning, identification, analysis, review and reporting of project and program risks. We approach risk and opportunities with an innovative perspective, from incorporating new technologies to leveraging our national and worldwide risk management expertise to provide the best solutions for your project, program or organization.

INNOVATE

CREATE

NAVIGATE

Our Risk Management System (RMS) is accessible by the whole team. With the ability to take project data and roll up to program so clients can easily view impacts of similar risks across multiple projects. Enabling action to be taken where it has the most positive impact.

69% of executives are not confident that their current risk management policies and practices will be enough to meet future needs. McKinsey Risk Engagement 2019

Our Risk Managers have implemented and managed risk on project and programs and across major industries. They are able to lter risks using our scoring system to ensure only those of relevance are viewed by Senior Management and Executives.

CREATE THE RISK CULTURE Creating the right size risk management service depends on a variety of factors including the complexity of the work and the budget. Assessing where your current risk awareness culture is and where you want to be, is a step we can help with. To create a risk awareness culture there are two early critical items to implement: the risk structure and the risk documentation. These combined elements provide the framework to manage risk within. From initial set-up to streamlining existing functions, we can assist you as you build your risk awareness culture.

NAVIGATE THE RISKS We navigate risk through risk workshops and the development of the risk register. Risk workshops embrace risk in a collaborative manner. By ensuring the right people are involved we can confidently identify risk and develop mitigation strategies. These are captured and maintained in the risk register. As risks are dynamic and change throughout the life of a project this cycle of risk workshops and continuous updates to the risk register are imperative to make certain mitigation strategies are being implemented to ensure that risks do not impact the overall objectives.

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