The Functioning of Heerema Marine Contractors' Project Risk Management & the Usefulness of Quantitative Risk Analysis

Heerema Marine Contractors' (HMC) former Project Risk Management (PRM) method was until recently supported by a specialized risk team. The risk team facilitated the PRM activities, i.e. risk assessment workshops and review moments during the projects. The risk team also performed a quantitative risk analysis on all projects. Such an analysis...