Project Assurance and Risk Management

Project Assurance and Assurance and Risk Management

Creating and protecting value from projects, programs and portfolios through assurance and risk management.

All projects are subject to uncertainty and risk. Projects are often large investments and may impact a variety of stakeholders and systems. In order for projects to be successful and sustainable, it is essential for project professionals to be aware of the processes and tools available to plan, assess and model risks so that project forecasting and decision making is improved. We provide our clients with increased return on investment in projects by first understanding our clients’ values, strategies and risk appetite, and then support clients to ensure that their project assurance and risk frameworks support these goals. Where required, we support teams to improve capability by providing coaching and training in project assurance, risk management and integrated project controls.

 

The purpose of project assurance and risk management is to:

Work Health and Safety (WHS) regulations frequently play an integral part in risk management as WHS governs the regulations behind what is acceptable workplace trend and what is not. At Synchrony, we will assist you navigate through all the needs and responsibilities you as a business owner should adhere to. We will also go beyond compliance and show you how to make your business more lucrative with risk management that makes your company more financially sound with proper financial flow.  

If you are interested to learn more about our services and tailored training programmes, please contact us or click the button below for a discussion

FAQ

Will risk management be replaced by AI?

It is impossible to replace the jobs related to Risk management Brisbane entirely. Instead, financial analysts can more accurately predict market volatility by applying AI. So, AI and humans will work together to enhance efficiency and accuracy in the decision-making process. But AI algorithms can detect and process vast market data and subtle patterns that humans can’t.

Why risk management is important in project management?

Risk management Brisbane is an essential part of project management. After identifying and assessing risk potentials, risk management specialists will develop a plan to mitigate risk and ensure the project meets its goal. As it is a continuous process, you need to create a plan that will suit your project’s requirements. Therefore, risk management will help you to respond to undesired events.

When risk assessment should be carried out?

Risk assessment should be carried out before introducing a new process or activity. To minimize the scope of occurring incidents, Risk management Brisbane is a tool to assess risk factors and determine the ways to mitigate them. Conducting risk assessment will enable your project to handle unexpected events.

What risk management do?

Risk management Brisbane is an ongoing process to identify, analyze, evaluate and monitor risk factors and mitigate their adverse effects. Its main aim is to preserve the physical and human resources of an organization for continuing its successful operation.

Why risk management is important?

Risk management Brisbane will protect an organization from potential loss or threat to continue operations. It not only prevents financial losses but also protects employees and maintains the organization’s reputation.