Claudina Castelli and Ajay Patel

Professional head risk and opportunity, Transport for London

Claudina is an enterprise, programme and project risk management professional with over 15 years of experience both in the public and private sectors. She specialises in developing bespoke risk management strategies, for which she works closely with key stakeholders, board members, and executives to change the risk culture. As a subject matter expert, she frequently advises on implementing framework solutions. She supports multi-disciplinary teams with the necessary training and development to deploy industry-leading risk management processes across various programmes and projects. Claudina is passionate about risk management and regularly engages interested parties from providing introductory workshops through to the development of complex theoretical models and concepts.

Senior risk & opportunities manager, Transport for London

Ajay is a project management professional with over 15 years of experience on rail, technology and construction projects and programmes.

Ajay’s niche in risk management is providing major projects with an informed insight into their level of risk maturity and developing associated risk improvement plans with the aim of maximising project performance whilst promoting collaboration and transparency.
Training and upskilling project teams and risk professionals is at the heart of his role, taking the discipline from a bolt-on control to an inherent business as usual activity.

Presentation Synopsis - Risk performance – how well are your risks assessed? Let’s give the decision makers something they didn’t know existed

The ancient art of monte-carlo analysis often leads to as many questions as there are answers. Garbage-in garbage-out is an accepted part of this but yet our decision makers still persist on asking for a P-value and making decisions based on them without asking much about the credibility of the model that produced them.

This presentation covers: ‘what risk information should decision makers be asking for?’, ‘how can we ensure our risks are assessed as well as possible?’ and ‘how can we relay this information in a simple yet transparent manner?’.

Using novel tools and templates that can be applied across the project lifecycle, Transport for London has adopted an approach to address these problems that can be used seamlessly across various industries.