Risk Management is an essential element that you must control in order to bring your project in on time and within budget. Values such as costs, resources, dates and durations can all affect the outcomes of timelines and final budget expenditures.

Lagrange provides the trained risk workshop facilitators and technical consultants in support of updating the risk registers for your project(s). We will analyze the risk, identify any potential threats to the project and then assign adequate resources to manage the risks.

With Lagrange on your team, you can proactively identify possible risks and receive recommendations to control those risks.

There are several important tools that are frequently used to quantify the risks. One program is the “Monte Carlo” simulation, which provides information about the project and the likelihood that it will be completed on budget and within a certain time frame. The power of the Monte Carlo simulation is a picture of the possible outcome it will create.

With reports, charts and graphs, management can easily see the possibilities and can then allocate manpower or other resources toward minimizing the impact of the risk on the project.