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Why risk-adjusted project forecasting is becoming the new norm

Risk-adjusted forecasting is more relevant than ever before with the emergence of COVID-19. Planning for the most-likely scenario that accounts for potential cost/risk exposure, rather than the best-case scenario, is now becoming the accepted norm in the wake of this crisis. This webinar looks at the methodology behind risk-adjusted plans and provides examples of where this approach has already proven to be effectual on numerous oil and gas CAPEX projects.

In a world forever changed by COVID-19, the science of risk-adjusted forecasting is emerging rapidly. Rather than simply planning for the best-case scenario, planning for the most-likely scenario that accounts for potential cost/schedule risk exposure is rapidly becoming the accepted norm, and for good reason.

Historically, best-case plans have been largely unachievable, resulting in disharmony between owners and EPC contractors. The realisation that accounting for risk upfront can actually help align project stakeholders, as well as drive certainty during project execution, has given rise to a new generation of project planning.

This webinar walks you through a methodology for developing such risk-adjusted plans, leveraging remote collaboration techniques for disparate and socially distanced teams. This next-generation risk management approach is already proving itself on numerous oil and gas CAPEX projects. Watch this presentation to find out why InEight expect the trend of risk-adjusted scheduling adoption to continue.

 

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