Major Infrastructure project implements best in class risk management

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Our client needed help with:

  • A high profile transport infrastructure programme identified a need to pro-actively manage project risk.
  • The Government funded project was subject to close scrutiny and needed robust evidence of risks faced and the potential time and cost exposure faced by the programme.
  • A geographically spread programme team needed a cohesive and consistent approach to be applied when identifying and assessing risk.
  • With a programme period of over 10 years and capital expenditure exceeding £20B the project risk management process was seen as a critical element of control.

Our approach:

  • The Chaucer team developed the project risk management process that would serve as a framework across the organisation.
  • Working across the organisation the Chaucer consultants facilitated risk identification workshops and provided guidance on project risk management best practice.
  • At the delivery level Chaucer have been instrumental in developing quantitative cost risk models that enable the client to understand the cost exposure that is likely.

The results:

£56bn

Projected total project cost

£43bn

Economic benefit to UK

50,000

People directly employed

How we delivered these results:

  • A well defined risk management process ensures that as the programme organisation grows project risk management will be applied in a consistent manner.
  • Undertaking quantitative analysis at an appropriate level ensures that senior management are fully briefed on both potential time and cost exposure.
  • Identifying key integration risks across the programme ensures future phases of development will benefit from previous experience.

If you think we can help you to implement your project or programme strategy, please call us on:
+44 (0) 203 141 8400 in UK/Europe, or ​​​+1 713 821 1783 in the USA.

Alternatively, please send us some brief information and we can discuss things in more detail.