RISK MANAGEMENT:
Pegasus Global Holdings Inc. (Pegasus GHI) believes that for company management to have effective Governance, an objective, reliable Risk Management System must be in place. A reliable Risk Management System must ensure that risk is analyzed in a uniform manner, that key risk decisions and how they were made are transparent and provide the level of accountability necessary so that all parties understand who is responsible for what actions in managing risk. Accordingly, it is our philosophy to provide our techniques and methods to our clients so that after initial training and assistance with early applications, our clients can manage risk independently and achieve the greatest possible benefit. For example, after a project is underway, we typically provide structured support in the form of periodic, independent audits to facilitate effective and focused use of risk management techniques. This approach permits continued access to our expertise, enabling a client to consistently employ the risk management processes as the execution conditions and context evolve on the project. There are additional significant advantages to our Risk Management techniques and experience that differentiate the success of our services. A few of the more profound differences and advantages are the systematic approach to managing risk; simple and effective tools and techniques that can realistically be completed and updated during the proposal / execution of a project; and Risk Management Systems and tools developed by Pegasus GHI that allow full Integration with the Project Controls used on Client’s projects.

Pegasus GHI’s proprietary Risk Management tools and techniques enable Project Owners, Financiers, Designers, Contractors and Suppliers to develop and implement Risk Management Systems and Project Risk Assessments. Our Risk Assessments have assisted Owners and Contractors to develop company wide Risk Management Systems used as part of their standard methodology or processes used in planning or operations.

Company Wide Risk Management Systems Tools:

• GAPP Analysis™ - Governance capability of Executive Management and Project Management is assessed and benchmarked.
• Risk Silo System™ - Risk is systematically evaluated to reliably categorize which Operation Programs or Projects present significant risk. This allows early decision making and identification of which risk decisions should be communicated to and perhaps made by company management.
• Risk Lessons Learned™ - Integration of the Risk Management System records with company lessons learned programs automatically develops and records lessons learned data directly from the risk management database.

Risk Assessment Tools:

• Project Risk Profile - Systematic use of Pegasus GHI developed tools and techniques to Identify, Evaluate and Manage risks from the perspective of operations, programs or projects.
• Structured Brainstorming™ - Pegasus GHI’s technique to identify specific risks allowing Risk Management updates to be completed in a small fraction of the time and effort of other risk management processes.

MANAGEMENT CONSULTING:
Pegasus Global Holdings Inc. (Pegasus GHI) provides management evaluations and proposed solutions to multinational corporations, engineers, contractors and governments for a wide variety of management, operations, technical and commercial issues. The focus is to enhance the organization’s efficiency and effectiveness within their industry and / or market. Pegasus GHI offers broad, in‑depth experience on large complex projects to assist in determining the reasonableness of actions by management then current, past or postulated future conditions, and the cost / time / operation impacts resulting from proposed or actual management actions. Our professionals assist our clients to focus on the problem and its solutions from our expertise and management experience with similar issues in the same and different locations around the world. In this regard, we have performed numerous in-depth evaluations and provided proposed solutions for owners (multinational, public and private), operators, contractors and engineers with respect to a wide variety of industries and government functions - from nuclear power to defense to oil and gas to process to infrastructure. Additionally, we perform or assist with matters of governance important to corporations, state, federal and international government entities. Typical services include program design and implementation, management and compliance audits / assessments, and management prudence evaluations for large multinational corporations and governments in regards to management organizations, policies and procedures. For example, this includes assessments for fraud, waste and abuse. Additionally, we perform management training services with respect to the areas we evaluate.

This Division focuses on those methods, processes and functions necessary to execute a construction project successfully. Within the Division Pegasus GHI provides Clients with a wide range of consultative services, including:

• Prudence Audits
• Program Audits
• Management GAPP Audits™
• Control System Reviews
• Periodic Audits
• Progress Reviews
• Organization and Structure Reviews
• Delivery System Reviews
• Contract Reviews
• Specialized Research
• Training

Pegasus GHI does not believe in attempting to apply standard off-the-shelf answers or systems to Client needs. Rather, the starting point for every service is a thorough understanding of what the Client already has in place and developing solutions for the Client that to the extent possible build upon those elements of the Client’s systems and processes which already exist. The idea is to focus on improvement, not wholesale replacement.