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Reduce Your Risk

“The person who risks nothing, does nothing.” So says the old quote. However, the key to success is in knowing what risks you are actually taking, what happens if the risk comes true and what is the chance of that happening.

This service from Dalleon Systems is for project managers who want an independent review of their proposed actions – free from the assumptions and fixations that can occur when a team is focussed on the details and doesn’t get to see the big picture.

The REDUCE YOUR RISK review will check your project from end to end. It looks not just the technical details and the design aspects, but also at often missed facets such as people, suppliers, number of new factors and not least, how the end users will react.

We use a methodology that contains a set of fixed topics for review. It also contains a flexible section that will be tailored to the particular points that make your project unique. When this information has been gathered, a review stage is performed where the individual risks are identified and quantified. This stage also looks for dependencies between risks – where if one particular problem arises, what others could it lead to. This allows us to assess the importance of each risk.

The next stage is to present these risks to your project staff in a workshop and to consider the various solutions for each of the major risks that could occur. With this output, we can then produce your final report, which contains the risks that were identified, the effect each would have if it arose and what actions would be needed to fix the problems that it caused. This allows us to rank the project risks according to certain criteria, such as unexpected cost, delay, re-design and non-performance.

Most risks do not appear overnight. They usually appear gradually. For example: targets slipping, costs increasing and bugs creeeping in. We can help you identify these subtle problems by applying objective measurements that contain well defined thresholds. If these are crossed, we can escalate the rising probabliity of a problem and help you avoid, or at least minimise, the difficulties it will lead to.

What is risk?
At it’s most basic, a risk is the probability that something (usually bad) will happen. Since we’re talking about probabilities, not certainties, there is always room for luck. Maybe the risks won’t materialise – or maybe they all will.
This makes risk very difficult to quantify. Just because a certain situation didn’t occur today doesn’t make the chance of it happening in the future zero

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This is one of Dalleon Systems' packaged services. The full suite can be seen at services.html. The company is always willing to take on bespoke work or variations to our standard products.