RISK SOLUTIONS, TO AND ADVICE
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Our senior consultants bring decades of international experience in risk management, project controls, assurance, and governance across oil & gas, mining, decommissioning, CCS, and infrastructure projects. We provide short‑duration, high‑impact advisory engagements to define risks, build or improve risk frameworks, conduct independent reviews, support gate readiness, and strengthen organisational decision‑making.
Castle Controls has a proven record of supporting major operators and government programs through embedded risk resources, due diligence reviews, independent assurance, and proactive risk‑opportunity management—reducing cost exposure, optimising contingency, and improving overall project outcomes.
TECOP‑Risk is our digital, integrated platform for managing the full lifecycle of project risks and opportunities. It enables consistent identification, assessment, tracking, and reporting of risks using structured cost, schedule, and technical frameworks.
The platform embeds our proprietary risk categories and metrics, providing clients with transparent, repeatable, and governance‑grade risk management without unnecessary administrative burden.
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We specialise in probabilistic cost and schedule risk analysis, using robust modelling methods to quantify uncertainty, establish P50/P80 positions, identify key drivers, and inform contingency strategies. Castle Controls deploys these processes across capital projects—including ECSP, Barossa, Gorgon, and Northern Endeavour—supporting investment decisions, gate submissions, and performance management.
Our probabilistic approach integrates cost, schedule, and risk inputs into unified models that improve forecast accuracy and expose early indicators of cost/schedule deviation. These methods directly support governance, scenario analysis, funding decisions, and capital stewardship
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The TECOP‑Toolkit provides structured evaluations of project readiness, decision quality, and delivery viability. It compares competing concepts, assesses project maturity, highlights vulnerabilities, and quantifies opportunity drivers—helping teams determine whether a project is prepared to progress through gate approvals.
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The TECOP Toolkit contains 200+ discrete metrics.
Each metric has a 1-5 scale with clear definitions to be selected. The toolkit scores every metric but also generates an overall “Risk Score” and “Readiness Score” out of 100.
The TECOP toolkit has been developed from industry research, benchmarks, and decades of hands-on project experience.
Customizations: We have developed the following tool ‘modifiers’ to provide more accurate results for specific project types with unique risk profiles:
•Decommissioning Index.
•Carbon Capture & Storage (CCS) Index.
•New Energies Index.
'Risk Score': Quantified risk profile (out of 100)
Risk score reflects the inherent difficulty, complexity and riskiness of the project being progresse
- Inputs are converted into a weighted 'Risk Score’ indicating how inherently difficult/complex/risky the project is.
- Risk is shown for each element of TECOP but detailed breakdowns are available for every metric tracked.
- Specific actions recommended against high risk areas. Informs risk management going forwards.
'Readiness' Score: Quantified maturity score (out of 100)
Readiness score reflects the current readiness, maturity, and development of the project.
- Inputs are converted into a ‘Readiness Score’ indicating how mature/ready/developed the project is.
- Readiness is shown for each element of TECOP but detailed breakdowns are available for every metric tracked.
- Specific actions recommended against low-readiness areas.
Actions that Deliver Results
Our recommendations will be Effective, Actionable, and Timely.
Our toolkits and follow-on reviews will identify key areas where the team should act to either reduce risk exposure or increase readiness to deliver. We will make clear and meaningful recommendations to help close gaps and increase the probability of success.
We want project teams to succeed and deliver effectively. Our recommended actions are always designed to be effective and achievable. As experienced project people, we hope to assist you in implementing the suggested actions.
