Risk Management
Risk-Smart Strategies for Infrastructure Success
Today’s public infrastructure projects face a host of evolving risks – from climate change and aging infrastructure to shifting regulations and stakeholder expectations.
Aurora Project Solutions helps you anticipate and navigate these uncertainties, protecting community investments through a proactive and structured risk management approach. We believe that early identification and mitigation of risks not only prevent cost overruns and delays but also strengthens the resilience and longevity of projects for the people they serve.
Our team provides comprehensive risk management services integrated at every stage of a project. We start by identifying and assessing potential risks in collaboration with your team, analyzing impacts on project scope, schedule, cost, and quality.
Beyond technical and financial risks, we consider compliance obligations and community concerns, recognizing that risks to public infrastructure often span environmental, regulatory, and stakeholder domains. For each significant risk, we develop mitigation and contingency plans, whether it’s redesigning for climate resilience or adjusting procurement strategies to avoid supply delays.
Throughout the project lifecycle, we continuously monitor risk indicators and conduct risk review meetings, ensuring that emerging issues are addressed swiftly and communicated clearly to decision-makers.
Today’s public infrastructure projects face a host of evolving risks; from climate change and aging infrastructure to shifting regulations and stakeholder expectations. Aurora Project Solutions helps you anticipate and navigate these uncertainties, protecting community investments through a proactive and structured risk management approach.
We believe that early identification and mitigation of risks not only prevent cost overruns and delays but also strengthens the resilience and longevity of projects for the people they serve.
Services include:
Risk Identification and Assessment: Facilitating risk workshops and using proven frameworks to catalog potential project risks (construction, environmental, financial, etc.) along with their likelihood and impact.
Risk Mitigation Planning: Developing strategies to reduce or eliminate high-priority risks, such as safety protocols, design modifications, insurance solutions, or schedule adjustments.
Regulatory and Compliance Risk Management: Ensuring projects adhere to municipal, provincial, and federal regulations, including environmental assessments and duty-to-consult requirements, to avoid legal or approval risks.
Climate and Resilience Strategy: Integrating climate risk analysis and adaptation measures into project plans (e.g. flood prevention, wildfire mitigation measures, seismic design, backup systems) to safeguard infrastructure against extreme events.
Continuous Risk Monitoring: Implementing risk registers and dashboards to track risk status in real-time, with regular reporting to stakeholders and agile responses to any changes in the risk profile.
Stakeholder Assurance: Communicating risk management plans and progress to councils, funders, and community stakeholders to build confidence that the project is under control and prepared for uncertainties.