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Risk Management

RISKS THAT FINDTHEMSELVES

Every risk connected to your performance measurement baseline. Monte Carlo simulation in seconds, not hours. Risks extracted from your documents, contracts, and schedules — automatically.

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Built for the teams behind capital projects

EPC Contractors, Energy & Utilities, Infrastructure Owners, Mining & Resources, Oil & Gas, Transport & Logistics

Delivering Risk Intelligence With

A NEW STANDARD OF RISK MANAGEMENT

Traditional risk registers are disconnected from reality. In Verian, every risk maps directly to your WBS activities, cost accounts, and schedule logic. Monte Carlo simulations run against your actual project data — not generic assumptions.

PROACTIVE

RISK DETECTION

AI reads your contracts, specifications, and progress reports to surface risks you haven't identified yet. Risks are detected the moment they appear in your data.

MONTE CARLO

SIMULATION

Run 10,000+ simulations against your real schedule and cost data in seconds. Get P50, P80, P90 confidence levels based on your project, not generic assumptions.

WBS-MAPPED

RISK REGISTER

Every risk connects to specific WBS elements, schedule activities, and cost accounts. When a risk materializes, you see the impact across every dimension instantly.

RUN MONTE CARLO ANALYSIS ON YOUR REAL PROJECT DATA

SEE IT ON YOUR PROJECT
Introducing Your

RISK MANAGEMENT DASHBOARD

app.verian.io/risk

WBS-mapped risk register with Monte Carlo simulation, heat maps, and real-time risk-adjusted forecasting

Verian
Northgate Terminal
NGT-2
/ Risk Management
Search apps, projects, or ask Verian AI⌘K
RegisterSimulationDashboardAI Insights
Previous runs · 3Run simulation
S-CurveTornadoCriticalityScatterPre/PostFinish dateStart dateDurationMarkers:P10P50P80P90
12%9%6%3%0%
P50
P80
100%75%50%25%0%
Feb 18Mar 02Mar 14Mar 26Apr 07Apr 19May 09
Statistics & summary
Finish date
Deterministic (P6 plan)Mar 14, 28
Det. probability41.2%
Optimistic (P10)Feb 26, 28
P50Mar 19, 28
P80Apr 07, 28
Pessimistic (P90)Apr 21, 28
Contingency (P80)+24 days
Statistics
MinimumFeb 18, 28
MaximumMay 09, 28
MeanMar 22, 28
Std deviation14.6 days
Finish spread81 days
Run settings
Iterations10,000
ConvergedYes

Monte Carlo Simulation Engine

Run 10,000+ simulations against your real schedule and cost data. See P50, P80, P90 confidence levels with distribution curves.

MONTE CARLOSIMULATION

Traditional Monte Carlo runs on generic assumptions disconnected from your project. Verian runs thousands of simulations against your actual schedule logic, resource allocations, and cost data. The result: confidence levels that reflect your project's real risk profile.

10,000+ iterations in seconds, not hours
P50, P80, P90 confidence levels on real data
Sensitivity analysis identifying top risk drivers
Pre and post mitigation comparison at a click
EXPLORE SIMULATION

DOCUMENT RISKEXTRACTION

Upload contracts, specifications, progress reports, or any project document. The AI reads every page and cross-references it against a curated library of known construction risk patterns. It identifies risks you haven't captured yet — buried in contractual language or emerging from schedule trends.

AI reads contracts, specs, and progress reports
Cross-references a curated construction risk-pattern library
Surfaces risks buried in contractual language
Auto-maps to WBS, schedule, and cost baselines
EXPLORE EXTRACTION
Verian
Northgate Terminal
NGT-2
/ Risk Management
Search apps, projects, or ask Verian AI⌘K
RegisterSimulationDashboardAI Insights
SourcesSchedule integrationCost import32 risks extracted · 28 mapped to WBS
Connected sources
C
Contracts & specifications
Clause-level scan for risk triggers
14 found
M
Microsoft Teams
Channels and chats flagged for project risk
6 found
O
Outlook / O365
Risk-related correspondence
9 found
C
Custom database
PostgreSQL · MySQL · MSSQL
3 found
Extracted risks · mapped to the WBS
Late issue of IFC drawings1.2 Engineering+9d · $214k94%
Groundwater below foundation level2.1 Civils+12d · $186k91%
Transformer type-test failure3.4 Equipment+21d · $640k88%
Vessel availability window4.2 Marine−6d · −$95k82%
Welding resource shortfall2.6 Structures+7d · $128k79%
Permit condition change1.5 Consents+4d · $52k74%
Each extraction keeps its source citation — clause, message or record

AI Document Risk Extraction

Upload a contract or specification and watch the AI identify risks, map them to your WBS, and calculate potential impact.

Verian
Northgate Terminal
NGT-2
/ Risk Management
Search apps, projects, or ask Verian AI⌘K
RegisterSimulationDashboardAI Insights
Heat mapPost-mitigation47 risks · $4.2M exposure
Probability × impact
Very highHighMediumLowVery low
1
2
1
1
2
3
2
1
2
4
5
3
1
3
5
7
4
1
2
3
2
NegligibleMinorModerateMajorSevere
Exposure by phase
Offshore works$1.6M
Foundations$980k
Equipment supply$820k
Commissioning$470k
Engineering$330k
Concentration

Offshore works carries 38% of total exposure across 11 risks — the highest concentration in the programme. Mitigation effort there returns the most schedule certainty.

Risk Heat Maps & Visualization

Visualize risk concentration across your project. See which phases carry the highest exposure and where mitigation effort should focus.

RISK HEAT MAPS &VISUALIZATION

Visualize risk concentration across your entire project with interactive heat maps. See which phases, packages, and WBS elements carry the highest exposure. Drill into any area to see individual risks, their probability scores, and mitigation status.

Interactive risk heat maps by phase and package
Quantified impact on schedule, cost, and scope
Mitigation tracking from assignment to completion
Real-time recalculation as project progresses
EXPLORE HEAT MAPS
Comprehensive Risk Control

QUANTITATIVE RISK MANAGEMENT

Move beyond high-medium-low. Every risk gets a quantified impact on schedule, cost, and scope — calculated from your actual baseline data, updated continuously.

QUANTITATIVE

SCORING

Every risk gets a quantified impact on schedule, cost, and scope — calculated from your actual baseline data, not subjective estimates.

REAL-TIME

MONITORING

Continuous risk profile updates as schedule changes, cost variances, and contract modifications flow through the system.

MITIGATION

TRACKING

Track every mitigation action from assignment to completion. Compare pre-mitigation and post-mitigation exposure in real time.

QUANTITATIVE RISK ANALYSIS BUILT ON YOUR PROJECT DATA

SEE IT ON YOUR PROJECT
P50–P90
Confidence Levels From Your Data
10,000+
Monte Carlo Iterations Per Run
Real-time
Risk-Adjusted Forecasting
Full
WBS Risk Mapping
app.verian.io

RISK-ADJUSTED SCHEDULEFORECASTING

Your schedule forecast should reflect your risk profile. Verian integrates Monte Carlo outputs directly into your schedule forecast, giving you risk-adjusted completion dates at every confidence level.

RISK-COSTINTEGRATION

Every risk is quantified in both time and money. When a schedule risk materializes, the cost impact is calculated automatically. Bidirectional integration means you always see the full picture.

app.verian.io
app.verian.io

AUTOMATED RISKREPORTING

Generate comprehensive risk reports with AI-written narratives at any time. The system explains risk trends, highlights emerging concerns, and recommends priority actions.

AI-Native Architecture

CONTINUOUS RISK MONITORING.NOT QUARTERLY REVIEWS.

Verian's risk AI doesn't wait for your quarterly review. It continuously monitors your project data — schedule changes, cost variances, contract modifications — and updates your risk profile in real time.

Ask your risk register questions in plain language. "What are the top 5 risks to our completion date?" "How much contingency do we need at P80?" — and get instant, data-backed answers.

Verian
Northgate Terminal
NGT-2
/ Risk Management
Search apps, projects, or ask Verian AI⌘K
RegisterSimulationDashboardAI Insights
Risk AILIVENGT-2
Emerging this week
New risk detected from correspondenceAdd to register

Three emails reference a vessel booking conflict in September — not yet in the register.

Exposure risingRe-run simulation

Groundwater risk probability moved 45% → 65% after the survey addendum.

Mitigation workingClose review

Transformer type-test risk fell to 20% after the second supplier was qualified.

Ask about risk… Type @ to reference a risk, WBS element or simulation run
Narrative report
Written from the register and the last run

Programme exposure rose $340k this month, driven by the groundwater re-assessment. P80 finish moved 4 days later to 07 Apr 28, and contingency cover fell from 118% to 109%.

Offshore weather remains the dominant driver at 38% of total exposure. Mitigating it and the transformer risk together would return 19 days of P80 certainty.

Every figure traceable to its risk and run

AI Risk Intelligence in Action

See how Verian's AI continuously monitors project data, identifies emerging risks, and updates your risk profile.

WANT TO HAVE A DEMO?

Book a 30-minute walkthrough with our solution architects. We'll show you how Verian's Risk Management works with your actual project data — not a canned demo.

WANT TO HAVE A DEMO?