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Services

Risk Management in Construction

Risk management consulting for Project Directors, Project Controls Managers and Risk Managers on capital projects. We quantify schedule and cost uncertainty, assess contingency requirements and help teams understand the risks that could affect project delivery.
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What we offer

Construction Risk Management Services

We help project teams identify, assess and quantify the risks that could affect delivery. By linking the risk register with the project schedule and cost estimate, quantitative risk analysis shows the range of potential outcomes, the confidence behind key dates and budgets, and where mitigation may have the greatest value.

Risk workshops and registers

Facilitate risk workshops with your project team and key stakeholders to identify and assess threats and opportunities. We help develop a risk register with clear owners, likelihood and impact assessments, and agreed response actions that can be reviewed throughout delivery.

Schedule risk analysis

We assess schedule quality, model activity duration uncertainty and relevant risk events, and use Monte Carlo simulation to estimate the range of possible completion dates. The analysis identifies the activities and risks that contribute most to schedule uncertainty, helping teams understand the likelihood of meeting key milestones.

Cost risk and contingency

Quantitative cost risk analysis (QCRA) and integrated cost and schedule risk analysis to estimate contingency at an agreed confidence level. Where appropriate, integrate cost and schedule risk analysis to show the potential effect on both budget and completion dates, and identify the risks contributing most to the overall exposure.

Embedded risk specialists

Add an experienced Risk Manager or risk analyst to your project controls team to maintain the risk process, review changes each reporting cycle and brief project leadership on emerging exposures and recommended responses.

Capability

Our risk specialists work alongside planners and cost controllers to connect risk analysis with the schedules and estimates your team uses to manage delivery.
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How we help

Risk analysis that drives decisions, not just reports

Risk analysis is valuable when it informs decisions. We scale the approach to your project’s size, complexity, contract requirements and stage, from a tender review to a full programme. We explain which risks matter most, their potential impact on time and cost, and the response options available to your team.
  • Risk workshops, registers and response planning
  • Schedule and cost risk analysis (QSRA and QCRA)
  • Contingency set at P50, P80 or your target confidence
  • Risk analysis using Primavera Risk Analysis and Primavera Cloud

From requirements to practical delivery.

We start with your project objectives, contract requirements, and the schedule, estimate and risk information you already have. Together, we agree the analysis method, confidence levels and reporting cadence, so the findings support tender decisions, funding approvals and project delivery.
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FAQs

What clients ask us first.

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What does a project risk management consultant do?

A project risk management consultant helps teams identify, assess and manage uncertainty that could affect project objectives. This may include facilitating risk workshops, maintaining the risk register, conducting quantitative schedule and cost risk analysis, assessing contingency requirements and reporting findings to project leadership. The approach should reflect the project’s scale, complexity and requirements.
Schedule risk analysis estimates the likelihood of meeting key project dates by modelling uncertainty in activity durations and relevant risk events. Monte Carlo simulation runs repeated scenarios to produce a distribution of possible completion dates and highlight activities and risks that contribute to schedule uncertainty. The results depend on the quality of the schedule, the assumptions used and the risks included in the model.
P50, P80 and P90 represent percentiles from a quantitative risk analysis. A P50 date is the date by which the model estimates a 50% chance of completion; P80 represents an 80% chance, and P90 a 90% chance. For cost, these percentiles represent the corresponding probability that the modelled cost will be at or below the stated amount. The appropriate confidence level depends on project risk, risk appetite, contract requirements and the decision being made.
Project contingency should reflect the uncertainty in the estimate and the risks relevant to the project. Where appropriate, quantitative cost risk analysis models these uncertainties to estimate the contingency associated with an agreed confidence level. The results help explain the assumptions behind the allowance and identify the risks contributing most to cost exposure.
Quantitative risk analysis is useful when a decision depends on understanding uncertainty in cost or schedule, for example, during tendering, business case development, funding approval, baseline review or a major scope change. It can also help assess the implications of emerging delays or cost pressures. Between formal analyses, regular risk reviews help keep the register and response plans current.
We can run risk analysis for a specific tender, funding decision or reporting cycle, or work alongside your planners and risk analysts to build internal capability. The engagement can be tailored to your project’s needs and the level of support your team requires. If you are looking for software licensing or product support, see our Primavera Risk Analysis page.
Clear risk ownership, agreed response actions and timely records of project decisions can help teams identify issues earlier and improve visibility of scope, programme and change-related risks. These practices may reduce the likelihood of avoidable disputes and help teams understand the events and decisions relevant to a claim if one arises. They do not replace contract administration or specialist claims advice. Where suitable data and workflows are available, AI-assisted analysis can help review schedule and risk information and flag patterns or potential exposures for further investigation. Our risk specialists assess the findings in the context of the project and apply professional judgement before making recommendations.

Our Plans

Flexible Options Tailored To Your Needs

Have a question or want to discuss your next project? Reach out to us and we’ll get back to you within 24 hours.

Engagement models

Fixed

A fixed price for the project or work, based on the work to be done. Suitable where all project inputs, specifications and requirements are defined.

Time & Material

Hourly rates based on the required work. Works well where not all inputs are readily available.

Dedicated Team

Retainer pricing based on the type of work and its duration. A dedicated team works as an extension of the client’s own team.

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Reach out to us for plan enquiry and project discussion

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Make your next project
decision with greater
confidence.

Work with experienced specialists to strengthen project controls, implement the right technology and gain earlier visibility into schedule and cost risk.

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Chart showing actual progress up to today, a range of forecast outcomes and the decision point TODAYRANGE OF OUTCOMESDECISION