Risk Management

Hardening buildings might be what we do, but it is the last thing we do. Effective risk management outcomes and structural solutions don’t happen without first understanding our clients’ risk tolerance and budgetary limitations.

Hinman engineers want clients to think of us as trusted advisors who listen for specific needs and discuss alternate solutions.

Hinman helps clients make critical but balanced decisions using a cutting-edge proprietary decision-making tool that takes the guesswork out of cost/benefit analyses. The tool reduces implementation costs and offers the real numbers needed to make high-level ROI decisions.


Services

Cost-Benefit Studies

Effective risk mitigation strategies weigh the balance of protective benefits against implementation costs. 

Hinman’s proprietary Cost Benefit Indicator (CBI) helps clients make rapid building determinations about exposure to extreme loading and expected costs using building geometry data and site configuration metrics. CBI generates building-specific cost-benefit graphs that indicate your “sweet-spot”— the place where your associated cost and protection level make sense. This data empowers clients with high-level, strategic and protective-design output such as: 

  • New building optimization and site configuration data
  • One on one comparisons of existing buildings and potential sites
  • Lease space comparisons within a building(s)
  • Portfolio Prioritization

As a project progresses, CBI can be used to consider detailed design parameters. Side-by-side upgrade scheme comparisons allow clients to make informed decisions that meet risk and cost goals.

Probable Maximum Loss (PML) Studies

Hinman engineers perform rapid and detailed building assessments to estimate expected damages due to natural and manmade events, then express them as a function of building replacement cost or Probable Maximum Loss (PML).  

We use our cost-benefit indicator tool and qualitative building assessment expertise to analyze potential losses such as cost, injury and downtime. We coordinate these findings with site threat profiles to provide comprehensive studies that give clients the information they need to make informed decisions about their portfolios.

Our team is also versed in ST Risk software, used for rapid seismic PML studies to determine an owner’s insurance and refinancing needs.

Threat & Risk Assessments

Providing effective protective design solutions requires engineers to listen, understand and interpret a client’s project constraints, often in the absence of a common engineering vernacular. 

Hinman engineers have proven their ability to articulate clear, guiding criteria during early project phases. Hinman approaches projects knowing there are ultimately three classes of threats:

  • known and foreseeable, 
  • known but not considered credible, and 
  • unknown or unforeseeable. 

With these threat classifications in mind, Hinman engineers advise and facilitate owners and stakeholders through the difficult process of identifying specific hypothetical threats that will impact eventual design decisions. Sifting through concerns and defining the most relevant threats requires a subtle balance of design goals and protection concerns. Hinman weighs these and builds a strong foundation that will develop the very best, acceptable risk mitigation solutions.

Vulnerability Assessments

Vulnerability assessments consider portfolio or building abilities to resist extreme loading and evaluates both the impact and cost of potential mitigation solutions. 

A vulnerability assessment quantifies critical building systems and elements to determine a facility’s capacity to withstand extreme loads. From this quantitative data, engineers and clients design mitigation options to improve resource performance and inherent levels of protection. 

Hinman provides a cost-benefit analysis for each mitigation option to ensure clients have ample opportunity to make informed security decisions about their returns on investment.