Enhancing Communications By Managing Project Risk

Coridium Advisors was asked to prepare a risk assessment, risk management process and risk budget for a large government contract, leveraging the work done previously to build seven integrated master plans. Coridium led teams to assess the risks in each project and estimate impacts on the budget, schedule and quality of the projects. A total "risk budget" was prepared and presented to the client’s customer. The risks that were identified were subsequently viewed as shared. As a result, the client and the client’s customer had more open and candid conversations about the nature of the projects and what would be needed to manage them to completion. Overall relations improved and overall contract performance improved to the point that the customer paid performance bonuses to the client.