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Ctlin IACOVICI An I AES

Objective
The objective of Project Risk Management is to

provide methods and software to analyze, capitalize and estimate risks to improve the competitive value during the bidding phase of projects

Innovative features
Early life cycle decisions
To take risk as the most powerful driver integrating all

other preoccupations Knowledge sharing Project risk management builds a corporate memory as a fundamental reference to provide internal and external information for bid process Standardisation

Project status
Risk management is ambitious, innovative, interesting
Collect users needs and building different types and

cultures of biding process integrated in one bidding model External risk it is faced in a similar way as internal risk

Prototypes development

Project risk management ouverture


The bid process is representative for any project

process where a decision is central: why not extend the risk management to the whole project? Project risk management means to cover the needs of bid engineers to top management

Method
The risk management focuses on the bid process
The method allows the building of technical solutions To choose between several technical solutions, the

method supports cost estimation and risk evaluation

Definitions
Risk: Opportunity vs. Hazard, Internal vs. External

risk Risk description process: Cause, known by its probability; Risk, known by risk exposure

Definitions
Opportunity is the cumulative effect of the chances of

uncertain occurences, which will affect project objectives positively. Opportunities are considered in risk management as positive risks Hazard: A condition associated with the design, operation or environment of a system that has the potential for harmful consequences

Risk evaluation method


Identification
Assessment Ranking prioritisation Mitigation actions iteration

Process

Technical memory
The repository of the overall company expertise/knowledge

contains all technical and organizational information that is required for bidding. The aim is to improve the ability of companies to prepare reengineering of their entities and processes as soon as or even before a bid is successful. This goal is achieved by : a database of recurring entities and processes or of entities that can be reused, if necessary with adjustments, by bid managers. The repository can be used by all actors involved in the bid processes. The impact of a co-operative repository is to facilitate and improve the capitalization and exchange of knowledge.

Decision support system

Conclusions
For Company Continuous Improvement during

the project and on the short term :during bid process Inserts risk management in the RFP phase:
Supports a risks management plan early at the

beginning of the contract Conducts a documentation on the risks associated with the projects Organizes the risks experience/knowledge return from the bid phase start

Conclusions
supports decisions : Bid / No bid & Make or Buy Support to bid construction (rapid evaluation from

experience return) Technical solution choice support : evaluation and comparison through risk assessment in parallel of external elements better experience feedback from previous bids good decision probability improvement Co-operative work during bid process high level of visibility and integration for top management (Company position)

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