Services

Risk Solutions, Tools & Advice

Castle Controls has developed a comprehensive suite of risk management tools and processes designed to enhance assurance in project management — from the enterprise level down to individual projects.

Risk Advisory

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 Platform

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.

Go to TECOP

Probabilistic Cost & Schedule Risk Analysis

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.

TECOP-Toolkit: Readiness & Decision Quality

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.

The TECOP Approach

Informed, quantified, metric-driven project reviews

The TECOP Toolkit contains 200+ discrete metrics. Each metric has a 1–5 scale with clear definitions, and the toolkit generates an overall Risk Score and Readiness Score out of 100 — developed from industry research, benchmarks, and decades of hands-on project experience.

Objective

Our metrics remove subjectivity, opinions, and feelings and provide quantified outputs.

Metric Driven

Assurance based on proprietary toolkits and indices which provide a risk score and readiness score.

Independent

Assurance separated from internal bias and politics.

Standardised

Consistency across all assurance activities, letting progress be monitored over time and different projects compared meaningfully.

Actionable

Clear levers and actions for an organisation to implement to increase readiness and reduce risk.

Insightful

Data that informs capital investment decision-making.

Risk Score

Reflects the inherent difficulty, complexity and riskiness of the project. Inputs are converted into a weighted score out of 100, broken down for each element of TECOP with specific actions recommended against high-risk areas.

Readiness Score

Reflects the current readiness, maturity, and development of the project. Inputs are converted into a score out of 100, with detailed breakdowns and specific actions recommended against low-readiness areas.

Talk to us about your risk profile

Independent, quantified insight into where your project stands — and what it needs next.