Risk Evaluation and Mitigation is at the heart of Projects (Finance).
OutSmart analyses project risks in four steps:
A due-diligence process to ensure that all necessary information of the project is available.
Identifying the risks based on this due diligence and using the OutSmart Risk Database containing risk of more then 20 offshore projects! Allocation of risks to those parties who are able to manage these risks best.
Quantify, Priorities and Mitigate the acceptability of the risks.
We will set up a project risk matrix stating the risk, the chance and impact of the risks (quantifying), when not covered by a contract what other mitigation there is for this risk and the impact of the risks remaining on the project (Project Company and hence effectively the lenders).
OutSmart has an extensive and dynamic database with risks and how to mitigate these risks gained from over 20 offshore projects.
Let us convince parties that your project will be successful by helping you ticking the boxes!
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