Best Practice Risk management solutions, helping you to reduce risks and exploit opportunities in your business, programmes and projects.
Femern A/S implements Predict! product suite to build new 19 km fixed link across Fehmarnbelt between Germany and Denmark
Risk Decisions' flagship risk management solution Predict! is being deployed as the ISO 31000-based enterprise risk management tool for the planning, construction and operation of a new transport corridor between Germany and Denmark. The transport corridor, which will be either a bridge or a tunnel, will stretch the 19km (11 mile) wide Fehmarnbelt in the Baltic Sea between the Danish town of Rodby and Puttgarden in Germany. Work is due to start in 2013 and is scheduled for completion in 2018.
Femern A/S, the Danish Government-owned company created to build the link is implementing the complete Predict! software suite which includes Predict! Risk Controller and Predict! Analyser.
Per Åkesson, Project Manager Risk Management at Femern A/S, said: "We are pleased to be deploying Predict! as the risk management tool for this important and high profile project. Having evaluated all options available, we are confident the Predict! suite of products, supported by the risk management expertise offered by Risk Decisions provides us with the flexibility and functionality we require for a project of this scale. Predict! will provide real-time, detailed insights for all project team members and what they are doing to mitigate risks across all areas of the project, enabling management to respond rapidly to meet changing demands."
The Femern contract is a significant win for Risk Decisions, which sees construction as an important growth area. Val Jonas, CEO Risk Decisions, said: "We faced tough competition during the tender for this project and won on the basis of Predict!'s flexibility and our company's risk management credentials. This is a significant and high profile new partnership, building on our growing reputation and expertise in the construction sector."
Risk Decisions is providing a full training program and Femern expects to start using Predict! widely in the next few months.
ENDS
About Risk Decisions
Risk
Decisions Limited is part of Risk Decisions Group, a pioneering global
risk management solutions company, with offices in the UK, USA and
Australia. The
company specialises in the development and delivery of enterprise
solutions and services that enable risk to be managed more effectively
on large capital projects, as well as helping users to meet strategic
business objectives and achieve compliance with corporate governance
obligations
Risk Decisions has introduced many innovative features that have since become standard features in the industry including risk hierarchy trees, combined threat and opportunity risk impact grids and automated schedule risk analysis. The company also plays a significant role in influencing risk management policy and has made important contributions to APM, OGC and PMI risk management guides and standards. Risk Decisions has also made major contributions to interfacing risk with other disciplines, including Earned Value and Systems Engineering.
Clients include
Balfour Beatty, Mott MacDonald, National Grid, HSBC Rail, BAE Systems,
Selex, Raytheon, AgustaWestland, UK MoD, Australian Defence Materiel
Organisation and the New Zealand Air Force.
For further information, visit www.riskdecisions.com
or contact:
Sandra Cohen or Fiona Racher Tel: +44 (0)1865 718666
About Femern
Femern A/S was appointed by the Danish Transport Minister in April 2009 as a result of the "Act about planning a fixed link across the Fehmarnbelt and associated hinterland infrastructure" to be in charge of preparation, investigations and planning in relation to the establishment of a fixed link across the Fehmarnbelt.
Femern A/S is part of Sund and Bælt Holding A/S, which is 100 percent owned by the Danish Transport Ministry. Sund & Bælt Holding A/S is also responsible for the fixed link across the Great Belt.
The company has its headquarters in Copenhagen. The company also has offices in Burg (on Fehmarn) and Rødbyhavn, Denmark. At the end of 2009 the company had 60 employees.
Femern are responsible for project managing the building of a fixed 19km link between Denmark and Germany across the Fehmarnbelt. This project has a high profile (it required a treaty to be signed between Denmark and Germany), is expected cost at least Euro 4.5 billion and take until 2018 to build. Those of you interested in the details can find out more at www.femern.com
Contact: Per Åkesson Tel: +45 33416337
