Riskcore Ltd

A specialist in quantitative cost and schedule risk analysis (QRA) for major or mega capital investment projects in upstream oil and gas facilities, midstream pipeline and pump stations / terminals, downstream refineries (including turnarounds), mining industry, public infrastructure and buildings. Qualitative Workshop Facilitation Riskcore has facilitated over 200 risk workshops over the past 15 years for various types of construction projects. The facilitator is trained and skilled to understand the human bias and psychological barriers when facilitating brainstorming workshops; the use of Delphi Technique often successively collates and normalizes the judgments of SMEs. Risk Quantification for Cost Estimates and Schedule The proprietary Riscor® simulation Model is developed since 2005 to perform detailed QRA on Class 3 cost estimates combining with schedule risk analysis result. The Model has been used on a variety of capital construction projects in North America & Europe to derive contingency & risk reserve. Independent Construction Readiness Reviews Project Gating System is about the readiness for execution phase, and the Riscor Readiness includes 80 checklist items for Class 3 cost estimates, 70 items for FEED phase and 150 items at Gate 4 prior to construction site mobilization. This risk-based approach is applicable to any projects of any sizes.