Create an extensive risk mitigation program.
Nowhere is a risk management plan more significant than on a construction site — from safety hazards and liability insurance risks to labor qualifications and critical capital project timelines. Developing a construction risk management plan is a vital step in mitigating risks and planning for the unexpected.
To recognize the appropriate level of risk tolerance for each venture, Exponent works with clients to tailor the project risk and opportunity assessment process to suit the level of detail and specific needs of each project. In combination with Exponent's expertise in diverse technical disciplines, this approach affords a total understanding of risks associated with the project and allows for the establishment of thorough mitigation plans. Through this process, Exponent's professionals collaborate with the client's key project team members to:
- Evaluate the cost estimate, schedule, and execution plan for the project
- Identify and assess project risks and opportunities
- Quantify the probability of occurrence, potential cost, and schedule impact for each risk or opportunity
- Establish a project risk management plan, including the development of risk mitigation strategies
Exponent's Construction Consulting team has extensive experience assisting project owners and construction site managers through all phases of the complex construction process. Learn more about our capabilities in risk management.
Our Capabilities Are Unparalleled
With expertise in over 90 disciplines and hundreds of capabilities, tools, and methodologies — we get to the root of even the most complex challenges and give you the objective answers you need.
Our global and comprehensive expertise across industries gives us a deep understanding of current challenges, best industry practices, and the implications of emerging technologies.