Lode Lane provides a key transport link between Solihull and the A45 North East Birmingham. As part of Solihull’s investment in public transport infrastructure, it has secured funding through the Government’s growth fund to install a 2.7-mile bus lane along the length of Lode Lane. The £4.5m project is on site and progressing through its first phase.
Solihull Metropolitan Borough Council (SMBC) needed to refresh their current assessment of the risks to the project. The Council also wanted to improve the understanding of quantitative risk analysis amongst its project management team.
Equib carried out a risk workshop and a risk management training session to improve their staff’s overall appreciation of the commercial aspects of risk management and the link with the management of project contingencies. The risk review updated the risk register and quantitative model and provided:
- Outputs to feed into SMBC’s Grace strategic risk management system.
- Assessment of the project contingency to reflect both the contractor’s and client’s view of the potential future challenges.
- SMART risk mitigation actions to address the typical challenges relating to road modifications work, such as street lighting, bus stop alterations and resident interfaces.
- The project managers with an appreciation of the best-practice approaches to risk management and quantitative modelling and the linkage with commercial management.