Marchant Services Group is a consulting firm specializing in capital projects, maintenance improvement systems, & project management within heavy industry. Heavy industry continues to face enormous challenges to reduce cost by innovative means. Marchant Services Group offers you a means of Releasing the Power in equipment already in service, of employees abilities through training, & increasing maintenance effectiveness through computer documentation and retrieval systems. ...read more As more and more firms recognize that they perform projects on a day-in/day-out basis, management must recognize that each of these projects present opportunities and risks. A project is a unique one of a kind activity that brings about change. Project Management is the skill set to manage this change. Since each project is a unique one of a kind effort there are many potential risks involved in the execution of projects. We will assist your project team members on the need to develop a risk plan; understand the impact, probability and what is at stake in project risk events; and establish a risk response plan for the project. A basic understanding of your risks and opportunity challenges are encountered in managing projects. These risks must be dealt with before they deal with you. Tools and methods to identify, quantify, mitigate, control and reduce the impact of project risks Review of probability theory and standard deviation. We will assist in risk identification, quantification, response development and control. 1. Define Risk Management and Project Risks 2. Identification Classification of Risk Risk Events 3. Quantification Expected Monetary Value/Decision Trees Probabilities Applying to Schedule and Procurement Other Techniques 4. Analysis and Response Decision Theory Mitigation Deflection and Contingency Planning Control Developing the Risk Management Plan