erisk manages risk in one of the largest engineering and construction companies
Configuration flexibility and adaptation to various methodologies.
Full automation and up-to-date reports always on time.
Polimex Mostostal S.A. is one of the largest Polish engineering and construction companies. General contractor in the field of industrial construction. The company carries out specialized projects in Poland and abroad for the power, petrochemical, gas and environmental protection industries. It is a manufacturer and exporter of steel structures, platform gratings; it also offers galvanizing and painting of steel structures.
The company has been in business since 1945. It is a public company listed on the Warsaw Stock Exchange since 1997.
The aim of the project was to implement a tool for efficient and automatic project, process and corporate risk management in all companies of the group. High flexibility in configuration was a priority, as different risk management methodologies were in place depending on the area. It was very important for the client to efficiently generate risk analysis reports (weekly and on demand) as well as to improve risk assessments. All these requirements were met by the erisk software.
The project was divided into 5 stages and lasted a total of 10 weeks. The tasks included the implementation of erisk and the implementation of the risk management model in 3 areas: projects, corporate risk in companies and processes in the capital group.
We implemented the erisk tool
The implementation included the delivery of the software (license), installation, implementation of the risk management model and configuration. Before starting the work, we conducted a needs analysis, which became the basis for the creation of a management model concept document in erisk software. We included, among others, database design with the established structure of the forms for the collection of information.
We set up automatic reports
A big challenge was to configure an additional level of risk assessment approval, but the erisk tool is so advanced that it was possible to easily reflect the entire process and approval paths, and set up appropriate alerts, notifications and sending automatic reports. Dedicated reports are a huge improvement, as they make the risk, project and financial data constantly accessible to the users of the tool. Importantly, the reports always present up-to-date data, even if the projects have been completed.
We conducted training
As part of the workshop meetings, we trained all software users. During the training, the employees involved in the process could learn and practice the performance of their tasks as part of risk management on a test basis.
We provided educational materials
Bearing in mind possible changes in the structure of the client’s company and the need to improve knowledge, the workshops were recorded and the recording was made available as an instructional video. Thanks to this, users can refresh their knowledge at any time or train new employees in the practical use of the erisk tool. We also prepared a manual for the content administrator.
We provided technical support
Throughout the duration of the project, the client could count on the support of our experienced consultants. After the work was completed, we provided technical assistance.
Project risk management
Process risk management
Corporate risk management
What did the client gain?
- erisk tool, adapted to three different methodologies and individual needs.
- Integrating the multi-level organizational structure with the erisk permission structure.
- Automatic reports tailored to the needs in accordance with the applicable risk management policy.
- Possibility of single-person supervision over the risk management process in the entire capital group.
- Improving communication thanks to system and e-mail notifications.
The purpose of the project work was to improve the implementation of the risk management process in the Capital Group and to provide effective tools supporting the monitoring of corporate, project and process risks in the Companies involved in the risk management process.
The work was carried out efficiently, professionally and with the greatest possible meticulousness.
Vice-Chairman of the Management Board,
Polimex Mostostal S.A.