Responsible Risk Management® solutions

SOLUTIONS

Whether shared or dedicated departments assigned to control risk, we help reduce the complexity of risk planning and mitigation. Our solutions focus on Responsible Risk Management® to better identify, assess, manage, mitigate and treat risk exposures and corporate vulnerabilities.

Our attention is on our clients needs and the sensitive issues they need to address. Within a complex and everchanging environment, we help develop a well-coordinated risk management plan that can be scaled to help prepare for your future or current project.

CURRENT DECISION ANALYTICS DON’T WORK

On January 2015 Canadian Energy Research Institute (CERI) predicted, “Between 2014 and 2038, Alberta oilsands investment, re-investment and operating revenues will contribute an estimated $3.87 trillion to the Canadian gross domestic product (GDP), says a new study from the Canadian Energy Research Institute (CERI). Oilsands production (upgraded and non-graded) over that period is forecast to grow to 3.7 million bbls/d by 2020 and 5.2 million bbls/d by 2030, according to the report on the Canadian economic impacts of oilsands development in Alberta”.

But wait, “the ‘low oil’ case costs us [Canada Mortgage and Housing Corp] over $7 billion in lost profits.”[1] Alberta’s current troubles stem from a collapse in oil and natural-gas prices. Provincial energy royalties are reduced to a fraction of last year’s GDP. In fact, contrary to the optimistic predictions oil prices have plummeted from more than $115 (U.S.) a barrel in June, 2014, to as low as $20. The sudden decline in Alberta’s economy was not predicted.

Falling oil prices have led to mass layoffs. How could they have been so wrong?

Sources: Financial Post. March 2016. Oil price collapse could cost CMHC $7 billion a year in lost profits. Accessed May 21, 2016, from http://bit.ly/1RiCUlI

CURRENT DECISION ANALYTICS DO NOT WORK

INDUSTRY PREDICTIONS FAILED

HOW COULD THEY BE SO WRONG?

OUR SOLUTIONS ARE THE KEY

OUR UNIQUE SOLUTIONS ARE THE KEY

We ‘quantify qualitative’ risk factors for improved credibility in statistical analytics, higher data representation and increased confidence in the projections realized.

  • As much as 50% more data is analyzed to increase accuracy and reliability in each risk analysis for RESPONSIBLE RISK MANAGEMENT®.
  • Qualitative risk assessments reduce uncertainty for stronger risk mitigation and are more meaningful.
  • Risk data and reports are more reliable; thus, increasing confidence in management and operational performance.

Awarded Worldwide Business Review’s 2017 Consulting Elite Awards

Awarded 2015 & 2016 Best Oil and Gas Risk Management Consulting Services Alberta

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We look forward to serving your risk management needs.

 

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