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Let people, process and technology guide your way
Successful business managers appreciate that there are two areas where you can control risk in a construction company. The first is in the means and methods of field construction and the second is in the actual running of the business. Druml Group's risk assessment services focus on the business side of a construction company. After all, many contractors have mastered the building of structures but are not trained to master money and thereby have poor control over construction risk.
Druml Group has developed a successful strategy for identifying, measuring and managing risk elements within the industry. A partnership with us will guarantee your creditors, guarantors, or shareholders understand that your firm is serious about managing construction risk. Actual risk management is a complex issue with many components, some of which cannot be easily measured and some of which are difficult to control. Our focus, therefore, is on those risk elements that have historically been the cause of business failure within construction - internal business and financial structures.
Our approach to identifying and evaluating risk combined with our suite of risk mitigation services leads all others in the industry. Risk management is an overused and worn-out term in the construction industry; it is worn out because, although many have talked about it, few have done anything about it. Some industry specialists even claim that risk management within construction lags behind other industries; in our experience, this is true. Many major firms have discussed risk management in a purely theoretical sense and none have transferred theory into detailed practical solutions that determine risk exposure - apart from Druml Group.
In actual fact, the components that determine risk are very simple. They are people, process and technology. These components are central to the foundation for successful risk assessment, which is why we have focused our solutions on them.
Our focus on people is multi-faceted. We establish key-person contingency and succession plans, perform personnel assessments, establish job descriptions, provide interviewing and recruitment services to ensure you hire the very best, we design workflow, install incentives and implement other relevant solutions. All of these components serve to strengthen the collective employee capital of any company and improve efficiency and morale to attain maximum output.
Our focus on process makes business run smoothly. We establish and implement systems, policies and procedures that control cost and enable maximum reporting accuracy.
Our focus on technology is leading edge. We assess, recommend and oversee installation of the very latest hardware, software and communication systems. This ensures the fastest possible output of information aimed at real-time provision.
All of the three components above work in synergy to empower each other; a lack of focus on any individual element will result in incomplete risk management.
Construction companies have been unable to rely on their own personnel people for risk management in the past - it is usually too difficult to see inadequacies from within. It's a bit like the old saying, "can't see the forest for the trees" - it's only once you have an outside third-party perspective that the true situation becomes apparent. It is clearly important to choose an experienced, independent, outside advisor to work with your team to define your risk management strategy, both today and into the future.
Choosing Druml Group Risk Rating® solutions will help you do just that - we don't just show you the forest, we'll help you navigate through it.
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