Risk is an integral part of every assignment. It is about understanding not only what might go wrong, but when, and why, and what can be done about it. It is about positively differentiating between opportunity and threat, and initially results in the publication of a Risk Register, a list of the identified problems. When risks and opportunities are identified and understood, strategies can be developed to minimise adversity and maximise value.

Risk can be viewed as a continuum, with opportunities for mitigation at any time from conceptualisation of an idea to implementation. Unfortunately, many treat risk assessment as something to be employed when a problem occurs, but this is too late. g7 view risk assessment is a tool to be used to help address problems before they emerge, not only does it identify risks, is provides the justification for the cost of counter measures.

Many assignments start with a risk assessment. Once the full detail of the assignment has been determined g7 selects an appropriate team of experts for the work, a mobilisation process that typically takes 4 – 6 weeks. Once the team is assembled work commences, with a through initial report normally produced and ready for review with the client within 16 weeks. Once the review is complete, g7 supports the client in internal briefings and are able to assist with putting in place a programme of corrective actions.

Working closely with our clients, g7 Risk Consulting facilitates the early identification and treatment of commercial, operational and technical risks, helping to develop appropriate risk management strategies and assisting in their implementation. We believe that the early identification of risks pays dividends in the long run as mitigation measures are invariably less expensive the earlier they are introduced.