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How GRC Manages Risk in Financial Operations

CCR Magazine

Managing financial operations in a world defined by rapid change and increasing complexity requires more than just traditional approaches. Governance, Risk, and Compliance (GRC) frameworks have emerged as an indispensable tool for organizations striving to navigate regulatory demands, mitigate risks, and secure their financial future.

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Newforma Konekt Enhances Industry-Leading Cloud-Based AECO Project Information Management Solution with Innovative System for Critical Contract Changes

Civil + Structural Engineer

BOSTON — Newforma affirms its position as a leader in project information management software with an enhanced version of Newforma Konekt, the first truly collaborative cloud-hosted ecosystem for the architecture, engineering, construction, and owner (AECO) industry.

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Climate change means that managing flood risk is everyone’s responsibility

New Civil Engineer

The post Climate change means that managing flood risk is everyone’s responsibility appeared first on New Civil Engineer. The launch of the Environment Agency’s Be Flood Smart campaign last month was a great step to raise awareness of what householders can do to protect themselves against flooding.

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Procurement Risk Management in Construction Projects: Strategies and Tools

Building Radar

Procurement risk management is a critical aspect of construction project management, ensuring that projects are completed on time, within budget, and to the required quality standards. Effective risk management strategies can help mitigate potential issues that may arise during the procurement process.

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Proactive Risk Management Strategies for Oil & Gas Companies

Safety Services Company

However, the industry is exposed to many risks that can significantly impair operations, the environment, and the safety of people. Consequently, risk management is crucial to identify and mitigate damages while guaranteeing the safety of workers, the general public, and the environment.

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California Engineering Contractors (CEC) Adopts Industry-First Schedule Risk Analysis Tool from Planera to Manage Complex Projects

Civil + Structural Engineer

CEC, which has managed some of California’s largest projects, including the restoration of the San Francisco/Oakland Bay Bridge and the BART Transbay Tube Retrofit project, will leverage the tool to help build, analyze, and optimize project schedules to streamline execution and increase profitability.

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What is ‘Contingency’ in Construction Budgeting: Managing Uncertainty and Risk

Building Radar

These unforeseen expenses can include anything from unexpected site conditions to design changes, material price increases, or delays caused by weather. A well-calculated contingency helps mitigate these risks, providing a buffer that allows the project to stay on track financially.