At project initiation, Proicere Digital conducts a thorough assessment of the organization’s technical and digital maturity. Based on this evaluation, we define a fit-for-purpose Risk Management Framework, Management Plan, and supporting technical solutions, ensuring alignment with project objectives and delivery models. Our skilled and experienced Risk professionals will deliver to our client the following:
Risk Management Framework
Designed to align with the full project lifecycle, the Risk Management Framework integrates execution strategies while remaining adaptable to evolving risk profiles. This is especially critical in Progressive Design-Build contracts, where responsibilities shift based on each partner’s capability to manage specific risks.
The framework will also provide definitions including delineating between Risks, Insurance (insurable risk), contingency (Labour, equipment, materials, and subcontract) and escalation/inflation. The framework will also set out the ultimate objective of communicating lessons learned to our client.
Risk Management Plan
The Risk Management Plan outlines the RACI matrix, core processes, lessons learned, best practices, issue management protocols, and due diligence deliverables. It may be delivered as a standalone solution, deploying industry best practices in a streamlined format tailored to client needs.
Based on our experience, effective project management requires full integration across disciplines. Our comprehensive approach ensures project coding structures are aligned with activity codes in Integrated Master Schedules, estimates, and general ledger systems—whether using bespoke or commercial off-the-shelf (COTS) solutions. This enables dashboards that deliver timely, reliable reporting and actionable insights for decision-makers.
The plan both informs and reinforces the project’s risk governance model. While clients often have an existing framework and escalationprotocols, our approach enhances these by embedding structured governance and oversight mechanisms.
Our solution includes tailored recommendations that formalize governance processes and reporting cadences—ensuring an auditable, repeatable, and scalable risk management approach across all project phases.
Risk management is a shared responsibility. To support this culture, we advocate regular workshops, ongoing updates, and quarterly re-quantification exercises. These practices are embedded across all functions, and reflected in the supporting systems, workflows, and governance structure.
Technical Solution
Decision makers and treasury boards across Canada are increasingly relying on probability values (P-Values) to approve project budgets through various stage gates of a project. The expectation that greater certainty in budgets from Concept Plan to Contract Award is reasonable and needs to apply a stochastic or probabilistic models to generate P Values for executive decision makers. Depending on the phase of project and level of design and associated information; different models can be applied.
