Proactive. Not reactive.
Effective work management in challenging environments needs to be proactive, not reactive.
What’s so special about this?
By monitoring the right key risk indicators (KRIs) and key risk generators (KRGs), our system provides our clients with a more accurate and dynamic forecast of social risk exposure around specific projects.
We then work with our clients to ensure theirwork management system is constantly assessing these inputs to see changes in risk.
More accurate forecasts of risk give our clients a competitive advantage in that risks can be remedied before they impact project operations, timelines, or budgets.
How is this different from the herd?
Even the most sophisticated risk management system is only as strong as its ability to identify risk and treat it before it has any impact. This requires relevant, reliable, and objective inputs and a dynamic system that accurately forecasts the likelihood and impact of risk. Yet, too many risk management systems fail to do so.
Too many companies are caught completely off guard by risk events. Why?
For starters, even good teams are prone to confirmation biases, ignore early warning signs, and misdiagnose risk events. Many risk management systems are driven by risk registers that use flawed risk methodologies, are based on subjective and biased inputs, and rarely get updated because only a few individuals have access. In this way, many risk management systems are static and fail to identify impending risk events.