Risk and Dispute Awareness and Readiness
A Benchmarking and Knowledge Sharing Network
Is risk on your RADAR?
SMA’s Risk and Dispute Awareness and Readiness (RADAR) Benchmarking and Knowledge Network is an advanced maturity assessment tool and implementation framework designed to help organizations develop project management excellence.
We’ve developed RADAR by building upon the comprehensive risk philosophy that underlies our project management approach and has been honed and refined for more than 30 years.
RADAR Framework
All construction projects experience change and most will experience some level of dispute. The deciding factor in project success is whether owners have planned and prepared adequately for these changes. The RADAR framework goes beyond textbook approaches to risk and change management to incorporate lessons learned on more than $25 billion in infrastructure projects, ranging in size from $5 million to $5 billion.
Typical risk frameworks break down at scale, requiring intensive effort and overwhelming project teams with minutia. We have adopted techniques from software design for structuring registers that reduce mental load and increase usability dramatically across projects, programs, and organizations. Our registers are designed from the bottom up to form part of simulation models, integrate with project schedules, and support contingency forecasting.
The goal is ensuring our clients have as much notice as possible of any given risk materializing, and that they come to the negotiating table fully prepared with information at their fingertips.
RADAR Network
Over many years, we have developed maturity assessment tools for our clients for risk and dispute readiness. These have been used internally on billions of dollars’ worth of public sector infrastructure projects to assess maturity and identify key areas of improvement.
We think the industry needs more.
That’s why we’re releasing the RADAR assessment and benchmarking tool. We have selected 48 KPIs across 16 categories for performance assessment. The tool combines explanations of why these areas are important with performance scoring rubrics for each area. Results are benchmarked against appropriately sized projects. Compare your processes against your industry peers and identify concrete areas for improvement.
Using the tool is just the beginning, though. We’re also inviting you to join our knowledge network to gain access to updated results, capitalize on new and fresh insights from the wider industry and research communities, and meet other project leaders and personnel facing similar challenges and finding solutions.