Whether a billion dollar megaproject or a routine turnaround, risks exist that must be managed and mitigated. AP-Networks' Independent Project Risk Workshop helps project and turnaround teams identify and manage their risks in a more pro-active and systematic fashion. Recent trends have only magnified the importance of strategic risk management during the life cycle of a project or turnaround. Our experienced consultants work closely with the project and turnaround teams at all planning and preparation stages to identify and mitigate the major risks that can threaten the original goals and objectives. The senior consultants who lead these engagements are uniquely qualified and collectively have reviewed and managed more than 800 project and turnarounds worldwide.

The Independent Project Risk Workshop typically begins with AP-Networks facilitating a risk brainstorming session that includes all key functional groups from the project or turnaround team. AP-Networks’ senior consultants help facilitate the conversation by using our proprietary database of project and turnaround risks. Once the risks are identified, a scoring system is established to rate both the severity of the risk and the likelihood of it occurring. Risk owners are then assigned and response plans defined for the most severe risks. Through the use of AP-Networks’ proprietary risk management tool, PYXIS, a risk register containing the details of each individual risk and associated action plans are provided to the project or turnaround team. Combined with AP-Networks’ world-class tools, our experienced staff and industry-leading methodologies provide a structured format for implementing a holistic risk management process by:

• Identifying risks associated with the capital project or turnaround
• Categorizing the risks in a structured format
• Evaluating risks based on their potential impact and probability of occurrence
• Prioritizing risks based on their level of manageability
• Developing a comprehensive risk register
• Monitoring and managing risks by means of mitigation and contingency plan development