1. Identify risks and opportunities right from the bid preparation stage

As well as defining the scope, structuring work packages, preparing a schedule, estimating and breaking down costs using a budget, the bid should also include a list and analysis of risks, in order to build up provisions and foresee opportunities that could improve the project's financial margin.

The project will live with its risks, and periods of crisis are inevitable!

Any organization or project is inherently exposed to the emergence of crises when risks are revealed. The extent and consequences of such crises can be reduced by good upstream preparation. The project team will always be on the lookout, because even if a preliminary risk analysis has been carried out, unexpected new facts may disrupt the project. On the other hand, the team will be able to seize positive signals at the right moment, such as opportunities that need to be...