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Effective Risk Management
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"The IRIS software tool provides us with a rigorous methodology and our clients are able to generate a competitive advantage through risk management"

Mark Cook, Managing Director, Persides Ltd

"IRIS risk mangement software helped us to derive major financial and performance improvements. The combination of quantitative and qualitative functionality provides robust decision support and the ability to navigate through complex scenarios"

Mehender Rawat, Programme Manager, London Underground

"WFI searched for a risk management support tool for many years. With IRIS, we have finally found a product we can introduce to our clients and ensure they manage their risks effectively"

Michel Sabatier, Head of Consulting, WFI

"In developing the IRIS software product, Istria have successfully managed to integrate our leading-edge quantitative techniques within an extremely intuitive and user friendly application. With IRIS’s qualitative risk matrices, customers now get the best of both worlds"

Chris Marlow, European Sales Director, Palisade Europe

"Recent research indicates over 70% of programmes are late, over budget or ineffective. Organisations employing effective risk management have reduced this failure rate significantly and gained a significant competitive advantage"

Colin Wheeler, Istria Technical Director and PMI Risk Liaison

Consultancy - Sample Engagements

Istria has provided a wide range of bespoke consulting solutions to clients over the years. This section sets out a small example of some of our previous engagments;

Secondment of a full time risk manager to the UK passport service to manage the full suite of risks associated with the introduction of biometric passports. The Passport Service considers the introduction of biometric passports to be one of its most important counter-fraud initiatives. The new design and security features, including a biometric chip containing the facial image and biographical data of the holder, will render the document more secure against forgery while facilitating more robust border controls.

Provided organisation-wide guidance, for a major rail operator, on risk management and introduced the IRIS (Istria Risk and Issue Support) software tool to manage project risks. Also successful in the development of Monte Carlo statistical analysis methods within the organisation to evaluate strategic and project risk exposure.

Provided risk management consultancy to a five-nation consortium responsible for the acquisition of armaments for the participating countries' armed forces (UK, France, Germany, Italy, Belgium). Provided both strategic and project level risk management processes, developed risk management procedures and integrated these into the local project management procedures for a range of programmes.

Provided consultancy to a military aircraft's management programme; successfully introduced the Istria risk management method and IRIS software into the Project Team. Provided risk management expertise to the project managers across a range of projects and programmes from radar and computer upgrades to mid-life fatigue programme and missile developments, and to members of the Management Board.

Produced an approach for risk management based contingency planning and business continuity for a Government organisation, which was accepted as their corporate contingency planning method.

Conducted a risk analysis on the testing viability for the mainframe systems’ interfaces that enabled the management team to correct shortfalls in the existing strategy. Developed project management techniques for the phases of an organisation's project, introducing pragmatic PRINCE, product based project management and MS Project to ensure effective delivery of products.

Completed a risk analysis for the development and rollout phases of the project for a major transport organisation's Data Centre and audited their disaster recovery plans.

Developed a Risk Management strategy for a Government organisation’s Y2K programme, which was successfully implemented across all the development and testing projects; this was accepted as the corporate method. Provided risk facilitation consultancy to the programme to ensure compliance with the standard and to assist project managers understand and develop their risk reduction plans.

Used IRIS, the risk management analysis tool, to calculate statistical values for risk exposure based on differing testing approaches enabling the Programme Director to support proposals for software testing. The programme also enabled the successful migration from DOS based legacy systems to an NT4 platform and MS Office applications.

Provided consultancy to a major parcel carrier on their Data Centre rationalisation program migrating 16 countries from their local NT environment to a centralised UNIX environment. Successfully integrated the Istria risk and issue management method into the Quality System.