Stategic Advice: Risk Approach
GTFM recognize the broad spectrum of risk associated with each project. We have provided considerable support to our clients in the area of risk mitigation with extensive experience in the identification of project risk and the optimum approach to risk management within a value for money solution.
Approach to risk and the level of risk transfer will essential frame the project affordability with risk being addressed in one of the following manners:
- It is accepted and managed
- It is removed by process or procedure
- It is insured
It is essential that all strategic, tactical and financial risks are established at an early project stage and the full implications identified. At this stage a risk register will be introduced and the risk transfer process identified.
This shall take cognisance of the ability of the partner(s) to hold the risk within a demonstrably value for money envelope as wholesale risk transfer is unlikely to lead to VFM.