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Risk Management

Risk can be good if you know how to manage it

Risk management enables clients to attempt to control future outcomes. Having this proactive approach is key as it can influence project success or failure. Integrating risk management in the early stages, when the ability to influence outcomes is at its peak, helps to minimise risks and unnecessary costs.

Experience has shown us that the key reasons why projects fail fall under the following 3 main categories:

bad planning
Bad project development and planning
  • Failing business case 
  • Unknown risks in the selected solution 
  • Insufficient specifications 
  • Poor contracts/execution strategies 
  • Unrealistic budget and schedule targets 
bad execution
Bad execution
  • Lack of systematic follow-up
  • Inadequate buy-in from owners/stakeholders
bad luck
Bad luck?
  • Risk taking is in the very nature of any business 
  • Bad luck or bad management?
  • Known versus unknown risks 
  • Seemingly those being well prepared also seems to be having better luck 

What we offer

We provide various risk management services including:

  • Qualitative Risk Assessment
  • Quantitative Risk Assessment
  • Upside vs Downside Risk
  • Workshop Facilitation
  • Cost/Schedule Risk
  • HSEQ Risk

Risk-Based Management

In asset-heavy industries, the risk picture is highly influenced by how assets are designed, built, maintained and operated. In addition, the environmental condition in which they operate in is also a factor to be accounted for.

It is important to bear in mind that there are both upside and downside risks. The greater the downside potential, the greater the upside, that is, if it has been identified, understood and acted upon in due time. By proactively managing the entire risk picture, downsides can be avoided and upsides may be exploited.

Our five-step risk management process identifies and quantifies risk allowing our clients to implement measures on an as-needed basis.

Case Studies

Contact Information

Molde
Axess AS
Oscar Hanssens vei 5
6415 Molde
+47 982 43 600
Bergen
Axess AS
Kokstadflaten 35
5257 Bergen
(duty): +47 982 43 600
Stavanger
Axess AS
Travbaneveien 3
4031 Stavanger
(duty): +47 982 43 600
St. John's
Axess Baffin Inc.
702 Water Street, Suite 201
St. John's, Newfoundland
+1 709 758 7937
Houston
Axess North America Inc.
1400 Broadfield Suite 300
Houston Tx. 77084
+1 (281) 994-0367
Ciudad del Carmen
Axess Operations De Mexico S de RL de CV
Calle Bosque de Ciruelos 180 PP 101
Colonia Bosque De Las Lomas
CP 11700 Cuidad De Mexico
+52 938-152-7688
Aberdeen
Axess North Sea Ltd.
Axess House,
Twin Spires Business Park,
Mugiemoss Road, Bucksburn,
Aberdeen, AB21 9NY
(duty): +44 (0) 78 5303 6111
Georgetown
Axess Guyana Inc.
2 Avenue of the Republic
Georgetown, Guyana
Rio de Janeiro
Axess do Brasil Ltda
Rua Dezenove de Fevereiro
171 - Botafogo
CEP 22280-030 Rio de Janeiro
+55 (21) 4108-0532
Accra
Axess Petrorig Ghana Limited
3rd floor, The Pelican
8 Blohum Street, Dzorwulu
Accra, Ghana
+233 (0) 30 397 0548
Luanda
Axess Offshore Africa Ltd.
Edificio Joia Rara, 3º Andar 3.5/3.6,
Av. Revolução de Outubro No 8, Cassenda, Maianga
Luanda, Angola
+244 933 316 388
Cape Town
Axess Offshore Africa Ltd.
Office 106, 1st Floor, Block 2,
Northgate Park, Brooklyn
Cape Town, South Africa
+27 21 001 9540
Trondheim
Axess AS
Nedre Bakklandet 58C
7014 Trondheim
(duty): +47 982 43 600
Orkanger
Axess AS
Grønøraveien 1
7300 Orkanger
(duty): +47 478 37 300
Oslo
Axess AS
Fridtjof Nansens plass 4
0160 Oslo
(duty): +47 982 43 600
Dammam
Axess for Oil Services
3141 Anas Bin Malik, Al Malqa Dist.
Riyadh, Kingdom of Saudi Arabia
+966 59 427 0293
Dubai
Axess Middle East DMCC
807 X2 Tower, X Cluster,
Jumeriah Lake Towers
Dubai, UAE
+971 4565 7913
Busan
Axess Offshore Korea LLC
22nd Floor KNN Tower, Centum-ro 30
2203-ho, Haeundae-gu
Busan, South Korea
+82 10 2696 2016
Mumbai
Axess AIM India Pvt. Ltd.
B2-701, 7th Floor,
Kanakia Boomerang,
Chandivali Farm Road
Andheri East, Mumbai- 400072
+91 22 4604 3533
Singapore
Axess Offshore Pte Ltd
Nordic European Centre, #05-31 South Wing,
3 International Business Park
Singapore 609927
+65 6908 4174
Perth
Axess Offshore Australia Pty Ltd
304 Newcastle St
Perth WA 6000
+61 4 3373 0739