M0070 QRA Service
National Highways · United Kingdom
Key facts
- Contract value
- £752,132
- Awarded
- 19 Mar 2024
- Contract starts
- 19 Mar 2024
- Contract ends
- 31 Mar 2025
- Procedure
- Call-off from a framework agreement (framework)
- Buyer type
- Central government
- Source
- Contracts Finder
Awarded to
| Supplier | Value |
|---|---|
| AtkinsRéalis | £752,132 |
Description
Effective risk and issue management is crucial to enable Major Projects Directorate (MPD) to make more informed decisions, to set realistic budgets and baselines for risk and uncertainty, to proactively manage risks and ultimately to improve the level of confidence in project and programme's delivery.
The Client is looking to set up a contract for provision of a Quantitative Risk Analysis (QRA) Service across MPD.
QRA is a process for estimating or calculating the potential risk impact of an event or series of events based on statistical sampling and modelling techniques. It identifies a probabilistic range of outcomes as opposed to a deterministic (single point) estimate for the overall risk impact on a project. QRA encompasses analysis of cost impacts ('quantitative cost risk analysis' or QCRA) and schedule impacts ('quantitative schedule risk analysis', or QSRA).
Categories (CPV)
- 72224000 Project management consultancy services
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