Risk Analysis
Finding what could jeopardise the project - before it does.
Risk analysis builds the project risk picture for a hospital initiative: demand, construction, operational, financial and regulatory risks, each scored for likelihood and impact, with mitigation and the residual risk that remains. It turns the hazards around a project into a managed register that owners, lenders and managers can act on through the life of the project.
What this service covers
- Risk identification across demand, build and operations
- Financial and funding risk assessment
- Regulatory, licensing and compliance risk
- Construction, cost and schedule risk
- Operational and clinical risk
- Likelihood and impact scoring
- Mitigation plans and ownership
- Residual risk after mitigation
- Risk inter-dependencies and compounding events
- Risk-based inputs to project decisions
Our process
- Identify risks across the project lifecycle
- Score likelihood and impact
- Design mitigations for the key risks
- Compute residual risk after mitigation
- Link risks to owners and monitoring
- Document the register and its assumptions
Frequently asked questions
How is risk analysis different from competitor analysis?
Competitor analysis maps who the competitors are and how they act. Risk analysis is the broader register of everything that could harm the project, competitive threats included.
When is it done?
During feasibility to support the go/no-go, and again when plans firm up so residual risk is understood before construction.
How are risks scored?
Each risk is scored for likelihood and impact on a common scale, so priorities are comparable rather than anecdotal.
Does it just list problems?
No - every material risk carries a mitigation and an owner, and residual risk is quantified after those mitigations.
What does the customer receive?
A risk register with scored risks, mitigations, owners and the residual exposure for decision-makers and lenders.