Risk Management has never been more relevant!
In the changing world that we find ourselves in and the realignment of the construction industry, both in terms of falling commodity prices and the need to innovate to increase cost certainty, it is now paramount that the concept of ‘Risk Management’ is embedded into the design and construction process at the earliest opportunity.
Development can no longer sustain cost increases due to falling values and margins. It must be built on the basis of effective risk management that; identifies, controls, mitigates and transfers risk in a truly effective way.
Roscoe have responded to this risk management challenge by recognising that the construction industry “pays lip service” to the concept of risk management and that there is a “gap in the market” to be filled by an effective risk management service.
In recognising this gap in the market, we also acknowledged that there is no interactive risk management system that exists to support such a service, so we have developed our own system!
Our Continuous Risk Management (CRM) system is a unique data management tool on which we have developed our own ‘Risk Engine’. The system is web accessed and protected by a secure log in.
It has a project performance monitoring system that uses the original business case as the ‘control’. CRM allocates cash flow over time and provides an estimate of profitability, taking into account all revenues, costs, purchases and sales in all phases of a project. In doing so it identifies all risks and the likelihood of their impact, allowing “what if” analysis as part of every risk simulation.
To have a look at what our system does then log on onto our demonstration project using the following details:
Address: https://p005.roscoedm.com
*User Name: Demonstration
*Password: Demo
*Please note both the user name and password are case sensitive and should be copied exactly
