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Category: Project Risk

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Rethinking Risk Management – Why? Seeking Smart Solutions by 1 Expert!

Rethinking Risk Management – Why? Seeking Smart Solutions The pandemic was the ultimate shock to the system for organizations, redefining how project leaders proactively plan for risks of any scale. But the need for teams to prepare for the unexpected persists. Amid geopolitical unrest and supply chain disruptions, concerns that organizational blind spots could knock […]
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Gleeym offers in-depth integrated project schedule and cost risk analysis.

Are Caring about the Penalty Clause in a Mega Construction Project? 3 Questions Need to be Addressed!

Construction Project – Better way to Envisage Your Project’s Future. How? 4 Graphs are Enough to Illustrate! Key Words Construction, penalty, Delay, Contractor, Client, Owner, Construction Project, Project Delivery, Project Controls, Brown Field, Green Field, Cost Estimates, Schedule, Integrated Cost Risk Analysis, Risk Register, Execution, Planning, Remote Area, Skilled Labor, Material Handling, Bulk Material, Construction […]
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Risk Software selection services by Gleeym. visit www.gleeym.com/software

5 Ways Risk Management Software Can Help Your Business. Are You Still Not Considering Risk Software?

Real Estate Development Project – Better way to Envisage Your Project’s Future. How? 4 Graphs are Enough to Illustrate! Keywords Risk Management Software,  Software Implementation, Risk, Schedule Risk Analysis, Cost Risk Analysis, Monte Carlo Simulation, Risk Register, ERM, Qualitative Risk Analysis,  Quantitative Risk Analysis, Schedule, Cost, Dashboards, Data, Business Risk, Financial Risk Contact Summary Risk […]
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Risk Register – Doodle

RIsk Register – Doodle, a Visual illustration! How? he Risk Register, risk log, a repository to record, analyze and store risk data. According to IRM’s A Risk Practitioners Guide to ISO 31000: 2018: “The nature and extent of communication of the information contained in the risk register throughout the risk architecture of the organization also […]
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Schedule and cost estimates after creating mind map

Risk Management with Mind Maps

It was a great interactive risk management process walk through with real examples. Discussed: 1- Risk Management plan along with its components 2- Risk Identification. Using sticky notes digitally. 3- Qualitative Risk Analysis. Discussed in details Risk Matrix and who aligned it with Enterprise Risk Management. 4- Quantitative Risk Analysis. Discussed schedule, schedule audit, cost […]
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Integrated Cost and Schedule Risk Analysis (IRA). Why? 5 visuals explain it!

Summary In Oil & Gas industry projects are always complex whether onshore or offshore. Remote locations, site access, communities, resources constraints and long lead items (LLI), etc. can be challenging to execute the project. Performed schedule and cost risk analysis with uncertainty using Monte Carlo simulation for Condensate Process and Storage Facility Project.  Even developing […]
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Decision Tree Analysis for Making Decision Under Uncertainty

Why Decision Tree Analysis? Product Development: Before discussing anything on product development let us discuss what is the product? Precisely, a product is ‘Any Thing or Things produced’. More precisely, as per engineering and manufacturing perspective, products are purchased as a raw material and sold as finished goods. In a real world, Product can be tangible or intangible. […]
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How to Perform PERT Analysis Manually

One – Point estimation reflects one value per activity. It is based on expert judgement, experience, expert opinion or historical information. Fear of padding is always a major concern with one-point estimation. Also, it does not reflect risk or uncertainty associated to schedule or cost estimation. Therefore, Three-point (3) estimation is preferred for activity duration […]
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GAs TimeScaled Data

Quantitative Cost and schedule Risk (QCRA, QSRA) Modelling of Weather event.

Introduction Tough, rigid, and uncertain conditions ground and environmental conditions in a remote location can be treacherous. Weather calamity can be a known-unknown or unknown – unknown event with huge impact. Generally, quantitative cost & schedule and Cost (QSRA & QCRA) model are developed for catastrophic events like Hurricane, Tornado and flood etc. Case Study […]
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