Knowing the threats and opportunities
The management, maintenance and development of buildings are complex and dynamic processes which are subject toa multitude of external factors and conditions. This also applies during the implementation of design and construction projects. Each building has different variables pertaining to management and use, resulting in different risks in each process. The risk level and what is acceptable, is often neither taken into account nor defined in advance. An independent risk assessment helps to identify the main challenges and opportunities beforehand within a project or process. In addition, it provides insight into the best way to manage these risks as to achieve the desired result.

A good risk assessment describes clearly and unambiguously what are the biggest risks inherent to a construction process, both negative and positive. Management measures that are likely to limit or increase the risks are identified, assigned and evaluated, resulting in a more efficient and a higher quality construction process.

A risk assessment can be useful during different phases and at different organizational levels focusing on various aspects of the construction process. For example, a risk assessment may be performed to test the feasibility of a project or a construction phase, prior or during the design process. The assessment provides important insights into specific risks. If this information is paired with appropriate management measures, the chances that the project will succeed will increase significantly (precautionary risk assessment).

A risk assessment is not only an excellent tool to guard opportunities and risks during the construction process, independently as well as permanently. Risk assessment can also be implemented after the completion of the construction during the operational phase to optimize business operations. By performing an independent assessment after completion of the construction, valuable lessons can be learned and implemented for prevention purposes during the follow-up process (evaluation). Once the property is operational, one often uses a risk assessment to identify opportunities and risks specific to the operation and management of the property.

An independent risk assessment could provide (renewed) insights that lead to a higher-quality result, regardless of the moment, process or setting in which it is performed.

RisPro is a unique risk management tool developed by ToornendPartners incorporating an extensive database of risks and control measures. RisPro produces independent risk assessments that provide clear and up-to-date comprehension on key challenges and opportunities over the course of a construction or building management process. After the implementation of the risk assessment, RisPro is an appropriate tool to determine and allocate the most effective control measures (largest impact on most risks) in order to maximize the optimization of the construction or development process.