iCAT

iCAT - Independent Cost Assurance Technicians

This is our pièce de résistance. We use the Arrisca Analyser product along with processes and forensic techniques developed over a twenty year period at UK MoD and in industry to deliver fast, high-quality assurance of cost, schedule, ops and performance models.

 

We have carried-out many hundreds of cost assurance exercises over the years all over the world using skills we developed the around the Arrisca software to be able to analyse, understand and optimise models used to make significant business and buying decisions.

The process picks-up a lot of ‘over-programming’, sand-bagging and double-counting, in addition to providing a clean bill of health to an organisation's own FOO (forecast of out-turns) and business case models, with the added benefit of INDEPENDENT ASSURANCE.

By understanding and improving the quality of models and focusing-in on the key input elements that drive the out-turns we are able to explore options and optimise the results.

By identification and elimination of over-programming (risk-loading) and re-articulation of the model at its deterministic baseline we facilitate practical separation, movement and management of risk and opportunity components, providing a clearer and more accurate baseline picture that is enhanced by the stochastic range of potential outcomes.

 

The risk requirement identified and allocated can be appropriately managed and may not need to be paid-out wholesale or skew the price of a tender, dependent on perspective.

riskHive iCAT customer-win examples

Biotech Production

Project value

Out-turn

Saving

Savings made in

Change of manufacturing process strategy

$50m (10%)

$450m

$500m

Nuclear safety case

Project value

Out-turn

Saving

Savings made in

Over-programming and negotiation leverage

£78m (48%)

£84m

£162m

Naval procurement

Project value

Out-turn

Saving

Savings made in

Cost model errors and assumptions

£1,200m (21%)

£4,500m

£5,700m

Civil aircraft manufacturing

Project value

Out-turn

Saving

Savings made in

Commercial cost re-evaluations & leverage

£1,200m (15%)

£6,800m

£8,000m

Rail procurement

Project value

Out-turn

Saving

Savings made in

Cost model errors and assumptions

£1.2m (13%)

£7.8m

£9.0m

Gov't project business case

Project value

Out-turn

Saving

Savings made in

Cost model errors and assumptions

£13,800m (73%)

£5,200m

£19,000m

Naval procurement

Project value

Out-turn

Saving

Savings made in

Tender cost model errors and double-counts

£600m (10%)

£6,200m

£6,800m

© 2019 riskHive Technical Services Ltd.