
Quantitative Risk Assessment (QRA).
Expertise in Building Remediation Construction.
Quantitative risk assessment involves evaluating the potential impacts of project risks into numerical terms. This data is often very helpful when needing to establish building remedial and maintenance cost as well as time contingencies.
Aamsko provides Quantitative Risk Assessment (QRA) as an added service for building remedial projects requiring thorough risk-profile analysis. Our team brings extensive expertise in legal, architectural, and accounting practices, enabling us to deliver comprehensive QRA analysis and reporting.
Aamsko Process to Quantitative Risk Assessment.
Risk management is typically carried out through a structured process that includes these steps:
Identify potential risks
Plan how to manage risks
Analyze risks qualitatively
Plan responses to risks
Monitor and control risks
Risks Needing Mitigation:
Legal Risks
In a building remedial project, various legal risks can arise, impacting the project’s timeline, budget, and overall success. These risks typically revolve around compliance, contracts, liabilities, and potential disputes.
Legal risks Aamsko can assist to mitigate include:
Contractual Risks
Compliance and Regulatory Risks
Liability Risks
Insurance Risks
Product Warranty Claims
Financial Risks
Financial risks in a building remedial project can significantly impact the project’s budget, profitability, and overall financial health. These risks can stem from various factors, including cost overruns, funding issues, and economic conditions.
Financial risks Aamsko can help mitigate and manage include:
Cost Overruns
Funding and Cash Flow Issues
Project Delay
Operational Inefficiencies
Contractual Risks
Design & Buildability Risks
Buildability risks in a building remedial project refer to the potential challenges and obstacles that can affect the ease and efficiency with which the building can be repaired. These risks can lead to delays, cost overruns, and quality issues if not properly managed.
Buildability risks Aamsko can assist to mitigate include:
Site Conditions
Design Complexity
Existing Structural Deficiencies
Supply Chain Disruptions
Construction Methods
Health and Safety Risks
Building Codes and Standards
Environmental Factors
Contact Us today to learn more about the benefits of partnering with Aamsko for end-to-end project management including quantitative risk assessment.