At NRS, risk assessment is the individualized process of determining and evaluating potential risks associated with projected business and environmental developments. NRS tailors this process to varying clientele using a combination of scientific, policy, technical, and financial assessment of our clients’ current or planned operations. Additionally, an analysis of each client’s unique procedures and protocols from a regulatory-compliance perspective can help identify potential areas at risk of falling short of legal obligations. A thorough risk assessment can also benefit various industry sectors by detecting potential operational efficiencies and cost savings.
As projects move forward with development, the potential for risk increases. Risk assessment can provide input on projected changes in revenue, permitting processes, timelines, workloads, existing knowledge gaps, and other determinants during project development. NRS can provide technically-sound and economically beneficial solutions to better inform clients of possible liabilities on the chosen path forward.