Projects are different, strategies are different and project environments are different (Hetland 2001): there is no such thing as universal best practice, or even best theory. Projects are unique, environments are unique and expectations and objectives vary dependent on the key stakeholders and their objectives. At Equib we are well placed to support in the
Read moreThe assessment of the risks and opportunities for the bidder, both for inclusion in the bid documentation and specific to your organisation or consortium. Develop the risk management plan and responses to risk management questions required by the bid Capture estimating and schedule assumptions and their potential impact on your objectives Understand your exposure to loss
Read moreWith our experience in the management and analysis of risk within projects and programmes we are ideally placed to review and audit current process within an organisation, project or programme. How effective and mature is your current process? How robust is your current quantitative analysis? What needs to be implemented to improve performance and engagement?
Read moreEquib provides the following quantitative risk analyses based on the use of Monte Carlo simulation to aid robust decision making: Estimating cost variability/ tolerance (as distinct from risk which has an associated probability) Project and programme opportunity and risk Schedule duration variability/ tolerance/ uncertainty, risks and opportunities Schedule critical path analysis under uncertainty Elastic cash flow
Read moreSkilled workshop and meeting facilitation are at the core of the successful elicitation of high-quality risk information. The workshop provides the foundation of the project and programme risk process. All risk information is not the same, poor quality risk identification and description leads to poor risk management outcomes. To this end our approach whilst simple, aims to maximise the quality of
Read moreThe Myths: Risk management predicts the future The risk management process changes what happens in the “real world” Risk management is a stand-alone discipline and process It is a single one-off calculation fixed for the duration of the project The Reality: It cannot predict the future but allows us to manage the uncertainty and maximise
Read moreMany bids and risk management guidance procedures require a document detailing the risk management roles and responsibilities, process, organisation, communication and identification and analysis methodology. At Equib we have the breadth of experience of bid input, risk management process implementation and audit to support organisations and projects in developing an appropriate and pragmatic risk management
Read moreProject: The £12m scheme is promoted by Warwickshire County Council (WCC) as part of the NUCKLE project and will provide a new station at Kenilworth and new shuttle service between Coventry and Leamington Spa. The purpose of the project is to seek to significantly enhance rail access for the residents at Kenilworth, support economic development
Read moreProject: The Midland Main Line Electrification project will provide overhead line equipment for the use of electric passenger and freight trains to operate between St Pancras and Sheffield via Derby, including Trent Junction to Nottingham and Kettering to Corby. This project is part of Network Rail’s strategic business plan to work alongside a number of
Read moreProject: The deployment of Single European Sky ATM Research (SESAR) programme, is an EU led modernisation programme of Air Traffic Management throughout Europe, from research through to deployment by the National Air Traffic Control Service (NATS). Services: Equib were commissioned to provide the following services: Programme cost uncertainty and risk analysis: identification of the critical
Read moreProject: High Speed Two (HS2) Limited is the company responsible for developing and promoting the UK’s new high speed rail network. It is funded by grant-in-aid from the government. HS2 Ltd is an executive non-departmental public body, sponsored by the Department for Transport. Phase 1 of the works (London to West Midlands) is estimated to
Read moreProject: ElecLink is a company that will build, own and operate a merchant power interconnector through the Channel Tunnel to provide a transmission link between the UK and France with a capacity of a 1000MW in either direction of flow. Key Data about the ElecLink connection: Interconnector route mirrors closely the existing IFA Total cable
Read moreProject: Riyadh Metro is a rapid transit system under construction in Riyadh, Saudi Arabia. The Metro is a key part of the Riyadh Public Transport Project (RPTP). The RPTP will be the largest public transport project within the Kingdom of Saudi Arabia, it comprises construction of a metro, bus system and other transport services in
Read moreProject: London’s sewerage system is no longer fit for purpose and spills millions of tonnes of sewage into the tidal section of the river every year. Tideway will build the tunnel to tackle the overflows from the London’s Victorian sewers into the River Thames for at least the next 100 years, enabling the UK to meet
Read moreProject: Track Partnership is a strategic alliance between London Underground and Balfour Beatty Rail responsible for delivering essential track and drainage renewals to the London Underground network. Throughout the five-year contract, Balfour Beatty Rail worked towards applying innovation and improving the planning process to renew the world’s oldest metro system while keeping 4 million people
Read moreProject: John Laing is a specialist owner, operator and manager of public sector infrastructure assets in the UK and internationally. They have a worldwide portfolio investing in sectors such as: Defence, Education, Healthcare, Rail, Roads and Bridges. Two rail projects Equib supported John Laing in developing were; Coleshill Parkway and Aylesbury Vale Parkway. Both projects
Read moreProject: The scheme is to reconstruct the A45 South overbridge, the existing structure is situated on the A45 to the north east of central Solihull, and located few hundred metres west of Junction 6 of the M42 motorway, and carries the westbound three lane carriageway of the A45 over the two track West Coast Mainline
Read moreRiyadh Metro is a rapid transit system under construction in Riyadh, Saudi Arabia. The Metro is a key part of the Riyadh Public Transport Project (RPTP). The RPTP will be the largest public transport project within the Kingdom of Saudi Arabia, it comprises construction of a metro, bus system and other transport services in Riyadh.
Read moreWith our experience in the management and analysis of risk within projects and programmes we are ideally placed to review and audit current process within an organisation, project or programme. How effective and mature is your current process? How robust is your current quantitative analysis? What need s to be implemented to improve performance What
Read moreProject: The HS2 Project is a planned high speed railway linking London with the Midlands, the North West of England and Yorkshire. The route for construction purposes is divided into 3 main areas (South, Central, and North) and these in turn are each divided into 3 sub-areas. As the project proceeds through the parliamentary process
Read moreProject: Thameslink Key Output 2 (KO2) is the final construction stage in the Thameslink Programme consisting of major track, signalling and station remodelling works at London Bridge station. The programme was split into three main contracts (Track, Signalling, and Major Civils) and managed as the London Bridge Area Partnership (LBAP). Balfour Beatty were awarded the
Read moreProject: The project is a key element of the Crossrail programme, and involves the construction of two new railway tunnels that will run for 6.4km between the Royal Oak portal and the new Farringdon Crossrail stations, and are also constructing the station tunnel caverns at Bond Street, Tottenham Court Road and Farringdon. When complete, it
Read moreJohn Holland – Melbourne Regional Rail Link The Melbourne Regional Rail Link is a 47.5 km railway line under construction through the inner western suburbs of Melbourne from Southern Cross station, running through Sunshine, Tarneit and meeting the Geelong line at West Werribee. The line is being built at or above ground with the primary
Read moreProject: The Haramain High Speed Rail project also known as the “Western Railway” or “Mecca-Medina high speed railway”, is a 453.0 kilometres high-speed inter-city rail transport system under construction in Saudi Arabia. It will link the Muslim holy cities of Medina and Mecca via King Abdullah Economic City, Rabigh, Jeddah, and King Abdulaziz International Airport.
Read moreProject: The Dublin Airport Authority’s Priority 1 Projects Portfolio consists of both landside and airside projects at Dublin Airport, forming their development and expansion plan. Services: Supporting the Asset, Maintenance and Delivery (AMD) organization of the DAA on the Priority 1 Projects, our services included: Facilitating risk workshops to identify risk and opportunities to the
Read moreProject: The Melbourne Regional Rail Link is a 47.5 km railway line under construction through the inner western suburbs of Melbourne from Southern Cross station, running through Sunshine, Tarneit and meeting the Geelong line at West Werribee. The line is being built at or above ground with the primary aim of improving grade separation with
Read moreProject: The project is a key element of the Crossrail programme, and comprises the construction of sprayed concrete lining (SCL) tunnels including construction shafts and adits, platform tunnels, tunnel boring machine (TBM) chambers, cross passages, escalator barrels and ventilation ducts. In addition, the team is constructing a link passageway from the new Liverpool Street station
Read moreSkilled workshop and meeting facilitation is at the core of the successful elicitation of high quality risk information and has been utilised across all of commissions. The workshop is the foundation of the project and programme risk process. We work on the basis that all risk information is not the same, poor quality risk elicitation
Read moreProject: Chiltern Railways is proposing to construct a new railway (including the reconstruction of an existing railway) between Bicester and Oxford, together with the construction or reconstruction of stations at Bicester Town, Islip, Water Eaton and Oxford. These improvements will facilitate the operation of direct railway services between London Marylebone, High Wycombe, Bicester Town and
Read moreProject: The electrification of the Great Western Railway is one of the biggest single investments in electrification in over 40 years. Currently running from Maidenhead to Cardiff, with a potential extension to Swansea, the project is part of the larger CP5 electrification plan which sees a 10% increase in the amount of UK railway with
Read moreProject: Following securing the franchise, London Overground Rail Operations Ltd (LOROL) established their own projects division who are responsible for undertaking refurbishment and enhancement projects on the stations along the London Overground rail routes. Services: Equib were retained to assist LOROL on both small capital projects, such as station enhancements, and in the management of
Read moreProject: The redevelopment of London Bridge station, creating new platforms for more trains, building a new concourse, and creating a bigger and better station for passengers. The changes will allow the introduction of more Thameslink trains every day – up to 18 trains an hour through London Bridge – offering better connections than ever before.
Read moreProject: Crossrail is the largest civil engineering project currently being undertaken in Europe comprising the construction of a new underground railway under central London along with the associated stations and supporting infrastructure works. The value of the works is approximately £15bn. Network Rail secured the delivery of the “On-Network” works to support the introduction of the
Read moreProject: Scottish and Southern Energy commissioned the replacement of the existing 132 kVa overhead transmission lines from Beauly to Denny in the Scottish Highlands with a 400kVa line. Objective was to replace the weakest link in the Scottish power loop and ensure capability to handle future renewable energy demands. 220km of new 400 kVa transmission
Read moreProject: Chiltern Railways have their own projects division who are responsible for undertaking refurbishment and enhancement projects on the stations along the Chilterns Line. Services: Equib assisted Chiltern Railways in facilitating both Stakeholder engagement and Risk Management workshops. We also carried out detailed quantitative cost risk assessments to assist the project team in determining if
Read moreNetwork Rail / Costain – London Bridge Station Redevelopment The redevelopment of London Bridge station, creating new platforms for more trains, building a new concourse, and creating a bigger and better station for passengers. The changes will allow the introduction of more Thameslink trains every day – up to 18 trains an hour through London
Read moreProject: Agility Trains, is a consortium of Hitachi, Barclays Private Equity and John Laing; that were successful in bidding and securing a contract with the Department of Transport (DfT) to deliver the Intercity Express Programme (IEP). Under the IEP Agility Trains will deliver train services to Train Operating Companies at a fixed price for approximately
Read moreProject: The Aberdeen Western Peripheral Route / Balmedie to Tipperty (AWPR/B-T) project is a major transport infrastructure project in Scotland. It will significantly improve travel in and around Aberdeen and the north east of Scotland. The AWPR/B-T project is being delivered by Transport Scotland, the national transport agency, on behalf of the Scottish Government and
Read moreProject: The Thameslink Programme scope includes the following significant elements to deliver a complete and upgraded railway system: Improving tracks and stations including extending platforms, reconstructing Blackfriars, Farringdon and London Bridge stations and introducing new signalling technology, expected to cost £3.55 billion (in 2006 prices). Network Rail is doing this work for the Department, funded
Read moreThames Tideway West London’s sewerage system is no longer fit for purpose and spills millions of tonnes of sewage into the tidal section of the river every year. Tideway will build the tunnel that tackles the overflows from the capital’s Victorian sewers into the River Thames for at least the next 100 years, and enable
Read moreProject: Lode Lane provides a key transport link between Solihull and the A45 North East Birmingham. As part of Solihull’s investment in public transport infrastructure, it has secured funding through the Government’s growth fund to install a 2.7-mile bus lane along the length of Lode Lane. The £4.5m project is on site and progressing through
Read moreProject: The Severn Estuary holds the second highest tidal range in the world and within this Swansea Bay benefits from an average tidal range during spring tides of 8.5m. The construction of a tidal lagoon to harness this natural resource would help the UK transition a low carbon future with greater energy security and lower
Read moreProject: MTR Corporation, in partnership with Chiltern Railways, was successful in winning the prestigious London Overground train operating franchise which they branded LOROL (London Overground Rail Operations Limited). Services: Equib were risk management consultants for the bid team; during the original tender phase prior to LOROL (MTR and Chiltern Railways) being awarded the London Overground
Read moreProject: The York Potash Project is a nationally important proposal to mine large volumes of polyhalite – a multi-nutrient fertilizer that can help the UK contribute to the global food security challenge. The economic benefits to the country and the local area will be significant. The Project will create thousands of jobs, benefit local businesses,
Read moreProject: Seen as one of the worst bottlenecks within the London rail networks was the 1886 Blackfriars railway bridge over the Thames and its outdated station. To bring them into the 21st century, the £350 million project included the creation of a common entrance at the north end of the rail bridge spanning the River
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