A rail operator was intending to invest in a new high speed line connection. He was performing early assessment of the project in order to increase its confidence in project feasibility. A complete risk assessment was performed on the various development scenarios, in order to highlight the best cost versus benefits option.

Kwantis consultants developed a risk register for the project. Then each risk was individually evaluated with the relevant expert(s), addressing variables in terms of cost, time and revenues. All the variables were then consolidated in a probabilistic model, in order to compare all scenarios under study.

“Risk management is a powerful technique to compare possible alternatives for a complex project”

Each scenario was explicitly evaluated, with the associated level of confidence to reach profitability and schedule targets. The company management was particularly interested in having the level of uncertainty and the value at risk for each scenario, in order to make its decision.