Eliminating construction risk
We identify and eliminate potential risks when building production lines.
Effective identification, elimination and reduction of risks in the construction of pellet plants and animal feeds mills
Risk Assessment
Why is risk identified?
Determining risks before starting to build a pellet factory or feed mixing plant is important because it allows you to identify potential problems and threats already at the planning stage.
This allows our project teams to focus on developing risk management strategies and preparing contingency plans, which helps minimize the negative impact of any potential problems on the project related to the construction of the granulation line.
The value of this approach is better preparation for unpredictable situations, which in turn increases the chances of successful project completion.
Determination Steps
Risks
Stay ahead of the dangers
At NPT Nawrocki, the process of determining risk in project management includes several stages:
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Risk Identification : Recognizing the potential threats and opportunities associated with the pellet factory project.
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Risk analysis : Assessing the impact and likelihood of each identified risk and prioritizing them.
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Risk response planning : Developing strategies and actions that will help minimize the negative effects of risks or take advantage of opportunities when they arise.
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Risk Monitoring and Control : Track and assess risks as they occur throughout the project, implement response plans, and adjust strategies as needed.
These steps help the feed mill or pellet mill design team fully understand potential risk factors and develop effective strategies to manage them.
Risk Identification
Stage 1
Risk identification is the process of recognizing and documenting potential threats and opportunities associated with a project.
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Documentation analysis: Reviewing design documents, contracts, specifications to identify risk factors.
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Team consultation: Discussions with project team members, experts, and stakeholders to gather diverse perspectives on risk.
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Interviews and workshops: Conducting interviews and workshops to obtain information from different people related to the project.
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SWOT Analysis: An assessment of the strengths, weaknesses, opportunities and threats associated with a project.
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Project History: Analysis of experiences from previous projects to identify similar risks and methods for addressing them.
Risk identification allows the project team to gain a more comprehensive understanding of the potential factors that may impact the project.
ATEX: Explosion Hazard Assessment is a great support for Risk Identification. Find out more here >>
Risk Analysis
Stage 2
Risk analysis is the process of assessing the impact and likelihood of identified risks occurring.
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Impact Assessment: Determining how each identified risk may impact project objectives, resources, schedule, costs, etc.
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Likelihood assessment: Determining the chance that each risk will occur, given current conditions and the context of the project.
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Risk prioritization: Prioritizing individual risks based on a combination of their impact and likelihood to focus on the most significant threats.
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Sensitivity analysis: Assessing how changes in one risk might affect another to understand the relationships between different risk factors.
Risk analysis provides designers with the information they need to make decisions about prioritizing risk management activities and developing response plans.
Risk Response Planning
Stage 3
Risk response planning is the process of developing strategies and actions in response to identified risks.
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Avoidance: Developing strategies to eliminate or avoid risks by modifying project plans.
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Risk Assumption: A conscious approach to risk that involves accepting certain threats without taking preventive action.
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Risk transfer: Transferring some or all of the risk to an external supplier or partner, e.g. through insurance.
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Risk Mitigation: Developing actions to reduce the impact or likelihood of a risk occurring.
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Preparing contingency plans: Creating plans to respond if risks become a reality to minimize impacts.
Risk response planning enables the project team to prepare for potential scenarios and effectively manage risks throughout the project.
Risk Monitoring and Control
Stage 4
Risk monitoring and control is the process of tracking and managing risks during project implementation.
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Risk Tracking: Monitoring the status of identified risks as the project progresses to identify any changes in their impact or likelihood of occurrence.
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Risk Analysis Update: Regularly review and update the risk analysis based on new information and project changes.
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Detecting new risks: Actively searching for potential new risks that may arise during project implementation.
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Implementing response plans: Carrying out the actions identified in the risk response plan when specific threats occur.
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Reporting: Informing stakeholders about the current risk status, changes to response plans and possible new risks.
Monitoring and controlling risks identified by NPT Nawrocki allows for effective adjustment of the risk management strategy during the project, contributing to its successful completion.