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Aurecon’s Risk Advisory wins IRMSA Award for 4th consecutive year

Aurecon receives an award for the Professional Services category at the 2017 IRMSA Awards

(L-R) Simon van Wyk (Aurecon Principal, Program Advisory), Revash Mahraj, Mbalenhle Ntuli, Berenice Francis (IRMSA President) and Chris von Holdt (Aurecon Managing Principal, Asset Management)

13 November 2017 - Aurecon was announced as the winner of the Professional Services Category for the fourth consecutive year at the 2017 Institute of Risk Management South Africa (IRMSA) gala awards dinner, held on 2 November at the Gallagher Convention Centre in Gauteng, South Africa.

The global engineering and infrastructure advisory company received this award for its involvement in a feasibility study for a planned Halal Industrial Park in the Western Cape. Aurecon Principal, Program Advisory, Simon van Wyk was the runner up for the Risk Manager of the Year award.

Aurecon’s ongoing success in risk advisory is largely thanks to the unique combination of technical knowledge and risk advisory experience within the team. Van Wyk says that not only is Aurecon able to understand its clients’ worlds at a technical level, but their unique design-led thinking risk management approach helps them to offer something that’s completely different in the market.

What sets Aurecon apart as an advisory firm

“What sets us apart from other advisory firms is our ability to uncover the uncertainties that will ultimately determine a project’s success. By asking the right questions, we’re able to help clients make sense of complexities, interdependencies, and future risks. We are honoured to again be recognised with a prestigious IRMSA award and we look forward to helping deliver further exciting projects in a manner that will continue to inspire Africa,” says van Wyk.

Central to the category win for Professional Services award was the Aurecon team’s work on a first-of-its-kind Halal Industrial Park development for the Western Cape Department of Economic Development and Tourism (DEDAT). Aurecon was a member of the professional team appointed to undertake the feasibility study and business case for a Halal Industrial Park, which aims to grow the province’s share of the global Halal market from < 1% to 2% by 2025.

To establish context in an unknown field, Aurecon’s Risk Advisory team created a new risk management approach that enabled the team to critically assess the contextual internal and external issues that could influence the viability of the project ahead of the project design. Deep contextual understanding of what drives project success led to clear risk identification that assisted the client with decision making and creating a confident path forward.

Simon van Wyk (Aurecon Principal, Program Advisory), Berenice Francis (IRMSA President) and Christopher Palm (2016 Risk Manager of the Year)

“Aurecon used an entirely new approach to determine the effect of uncertainty on our key objective, which was to prove if there is a need for a Halal Industrial Park in the Western Cape and to provide key marketing material to ultimately secure a developer for the Park that complies with international best practice standards. Aurecon provided value through certainty as it became apparent that context is the essential link to holistic decision making; a paramount requirement for the Halal Industrial Park,” commented Aurecon’s client on the project, Nazeem Sterras, the CEO of the Western Cape Fine Food Initiative.

For every $1 billion spent on projects, $51 million is lost because of poor sight of the uncertainties that lie ahead, according to the Project Management Institute in 2015. By turning uncertainty to certainty, companies can understand how losses can arise and how they can be ultimately prevented.

“Aurecon’s risk advisory team has created a tested methodology that gives a company sight over the issues facing its goals, and greater control over how they will impact the organisation or project. We are mastering our craft of hybrid risk management which brings the best solution to the most complex problems; it’s a differentiator that is being recognised by industry,” concludes van Wyk.

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