The Rhead Group specialises in the use of quantitative risk management in three main areas:
• Project Financial and Schedule risk
• Inspection & Maintenance Optimisation
• Safety Risks and QRA
The Rhead Group' expertise in this area offers a range of risk management services aimed at helping clients improve the quality of their decision-making. In particular it offers quantitative risk analysis as a decision-support tool through which the client can:
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Gain a clear insight as to what risks affect their business or projects |
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Understand the impact of these risks on overall business objectives |
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Assess the sensitivity of their business/project targets to each of the identified risks |
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Examine the cost and benefits of various risk mitigation and risk control options, implementing only those options that can be shown to be cost effective |
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Appreciate the relative contributions from each risk so as to focus management attention only on those risks that are really important |
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Demonstrate good corporate governance by maintaining an audit trail of risk management decisions, thereby allowing companies to demonstrate, at a future date, that the 'right' decision was made, even where an undesirable outcome results |
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Achieve the correct balance when allocating valuable resources
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