MissionOS- Risk Mitigator | Global
According to research, the average overrun cost for projects with inadequate ground risk management is between 25% – 30% of the initial budget. Thus, ground engineering plays a pivotal role within the construction and infrastructure industry, whereby understanding and optimising the behaviour of rock and soil during the project process is crucial. During the phase of creating foundations, tunnels and other infrastructure related projects, the aspect of risk management emerges as major concern.
Risk management in ground engineering centres around assessing and mitigating potential hazards that could arise due to the variability of soil properties, geological conditions, as well as any other external factors. If this isn’t managed well, it could lead to ground instability, or even structural failure. Reactive measures to address ground engineering failures can be up to 10 times more expensive than proactive risk management strategies when implemented right from the start.
With technological advancements over the years such as geotechnical surveys, subsurface investigations and data analysis, project engineers are able to identify potential risks. With this, they are able to quantify the impact, and in return devise strategies to minimise the risks. Effective risk management ensures not only the safety of structures, but also on the overall project timeline and budget. However, regardless of such advancements, there still is resistance to change or to the adoption of systems, that are designed to mitigate risks, which further plays a role causing delays and higher costs.
Optimising risk management in ground engineering with the use of MissionOS has never been easier. The MissionOS system is a highly valuable management tool, identifying the sources of risk and uncertainty, determining their impact and rapidly establishing appropriate corrective actions to mitigate and minimise the risk levels. Through demonstrating active risk management, MissionOS has delivered success in negotiated project-wide insurance.
Across the entire process of the project life-cycle, MissionOS covers risk clarification, risk identification, risk evaluation, risk analysis and risk processing. With the construction and infrastructure industry being significantly cut-throat, companies are realising the tangible benefits in using MissionOS to give them that competitive advantage, with a multitude of features within the system.
Explore more by visiting: https://lnkd.in/dFAKBi3s
#MGS #GroundEngineering #RiskManagement #Geology #RiskMitigation#MissionOS
Date: 22/08/2023
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