The Go/No-Go Process: Risk Analysis of Client, Project, Team-The GoNo-Go Process Risk Analysis of Client, Project, Team Recording

Video Transcription

Video Summary

The webinar, presented by Diane Mica and Andrew Mendelson from Berkeley Design Professional (Berkeley DP), focuses on the "Go, No Go" process for risk analysis in client projects and team selection within the design professional industry. Diane, with 25 years of experience in professional liability insurance, and Andrew, a seasoned architectural practitioner and Chief Risk Management Officer, emphasize the integration of risk management into daily business and project practices to ensure firm success.<br /><br />They identify two main types of risks: legal (contractual terms and insurance coverage) and financial (project execution within profit margins). Effective risk management involves avoiding unfavorable projects through a structured Go/No Go process, transferring risks via contracts and insurance, retaining necessary responsibilities, and controlling risks actively.<br /><br />Key elements of the Go/No Go process include thorough evaluation of the client’s reputation, financial stability, project experience, and alignment of expectations and budget. Project factors such as scope, quality goals, funding, regulatory approvals, and delivery methods must also be scrutinized. The team analysis covers internal resources, qualifications, availability, sub-consultants’ capabilities and insurance adequacy, and the dynamics of collaboration.<br /><br />Andrew highlights strategic marketing considerations, emphasizing the cost of marketing, importance of client relationships, and coordination among multi-office firms. Real-world examples illustrate complexities in client experience and project types, such as mixed-use developments and condominium risks. The speakers stress that decisions are not black-and-white but require balancing risks, rewards, and strategic alignment.<br /><br />Berkeley DP offers a practical Go/No Go template available on their website to assist firms in making consistent, informed project intake decisions, ensuring alignment with financial objectives and risk management goals.

Keywords

Go No Go process

risk analysis

client projects

team selection

professional liability insurance

risk management

legal risks

financial risks

project evaluation

Berkeley Design Professional