Risk analysis
When managing an organization one has to deal with risks. It is therefore important to make an inventory of the risks having a profound impact on your core business. Dividing risks into categories assists us is in this process. We distinguish:
· Technical risks
· Commercial risks
· Financial risks
· Legal risks
· Social risks
· Internal risks.
This layout enables us to set about a plan to deal with each risk as efficiently as possible.
Our tools support this by scoring risks on the level of impact and likeliness. Interconnections can be pointed out added by a plan of action describing the necessary steps. An optimal preparation of dealing with risks is thus guaranteed.
Uncertainty analysis
Uncertainties can be described as parameters of which the values are unknown. In an uncertainty analysis we determine which factors influence those values. We examine this during the feasibility phase of a project.
By establishing the values of the critical parameters, we can determine at which point a project will turn into a success. for instance: Which market share is needed to reach the break-even point? The answer to that question will greatly influence the decision-making process for it determines if the business case will be positive or not. In case of a negative result, one has to come up with new ideas in order to get the business case positive. By generating ideas and options the economic value of a company is increased as well.
When managing uncertainties we take possible solutions into account. Similar to risk management we are thus prepared for the unexpected. We distinguish the following principal forms:
· Assigning experienced experts on a certain area
· Conducting desk research
· Conducting experiments or pilots
· A continuous process of monitoring after a project has been initiated.
Working about with uncertainties requires a flexible way of operating. This flexibility can be found within our tools and will provide you with a great sense of certainty when managing uncertainties.
