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Innovation
schedule 13 August 2023
person Wilco Kievit

Risk management involves more than most people think

In the world of project management, risk is often overlooked or simplified. But at BAEKEN, we know that it is much more than an afterthought. It is a crucial part of any successful project.

 

An integrated approach

With every project comes risk, and that requires risk management. This is not just a task for the project manager, but for the entire team. It includes identifying, analyzing, and evaluating the risk and its potential impact.

Mitigation Plan

A risk mitigation plan is not just a reactive document; it is a proactive approach to mitigating potential damage. At BAEKEN, we define risk events as those that could have a negative or positive impact on the project.

Identification process

Risk identification is a layered and dynamic process. It involves not only identifying potential problems, but also creative and organized thinking. This includes brainstorming all possible risks that could negatively or positively impact the project.

Detailed Process

Risks do not materialize in a vacuum; they can be tracked, understood, and evaluated. Checklists, based on previous experience, are a core part of the BAEKEN methodology and a valuable tool in identifying potential risks.

Risk Assessment

Risks are not all the same, and at BAEKEN we categorize them into areas such as technical, human, financial, and more so that we can thoroughly evaluate and manage them.

Monte Carlo Simulation

This statistical method goes beyond superficial calculations; it provides an in-depth simulation of possible outcomes and helps the BAEKEN team make accurate projections of risk events.

Risk Mitigation

At BAEKEN, risk mitigation is not a standard practice; it is a customized strategy that considers various factors such as risk avoidance, risk sharing, and more.

Contingency Plan

We believe in flexibility and preparation. Our contingency plans are not mere back-ups but essential components for achieving project goals, even in the face of unanticipated risks.

Risk management at BAEKEN is more than a process; it is a philosophy. We are aware of its complexity and versatility. With our comprehensive approach and commitment to quality, we are a reliable partner for successful project control.

Do you have an overview of all the risks?

BAEKEN is ready with a solution that works for you!