Who Are We?
James Horton is the Principal Managing Member of Terrace Consulting, LLC. Mr. Horton is a seasoned Project Manager with over 10 years of continuous success in delivering specialized special purpose engineering solutions for utilization in Membrane Bioreactor Plants, Clean Rooms Biopharmaceutical, Medical Device and Genetic Labs, and Process Piping Systems.
Mr. Horton has been trusted to manage an aggregate project portfolio of over $90,000,000 (ninety million US dollars) over the past 10 years.
Under Mr. Horton’s management the projects delivered revenues in the range between 19 and 32%. The combination of project management, financial responsibility, and consistent success in improving project revenues make Mr. Horton a key partner in this investment opportunity.
Terrace Consulting has developed a robust process of risk management. Risk management is the identification, assessment, and prioritization of
risks (defined in ISO 31000 as the effect of uncertainty on objectives, whether positive or negative) followed by coordinated and economical
application of resources to minimize, monitor, and control the probability and/or impact of unfortunate events or to maximize the realization of
opportunities. Risks can come from uncertainty in financial markets, threats from project failures (at any phase in design, development,
production, or sustainment life-cycles), legal liabilities, credit risk, accidents, natural causes and disasters as well as deliberate attack from an
adversary, or events of uncertain or unpredictable root-cause. Several risk management standards have been developed including the
Project Management Institute, the National Institute of Standards and Technology, actuarial societies, and ISO standards. Methods, definitions
and goals vary widely according to whether the risk management method is in the context of project management, security, engineering, industrial
processes, financial portfolios, actuarial assessments, or public health and safety.
The strategies to manage threats (uncertainties with negative consequences) typically include transferring the threat to another party, avoiding the threat, reducing the negative effect or probability of the threat, or even accepting some or all of the potential or actual consequences of a particular threat, and the opposites for opportunities (uncertain future states with benefits).
THE RISK MANAGEMENT PROCESS
The Risk Management Process at Terrace Consulting consists of the
1. Establishing the Context
2. Risk Identification
3. Risk Assessment
4. Risk Management
"By far the best team I've ever worked with. I would highly recommend Terrace Consulting as a company, you simply just won't find any better team!"− Greg Ross
"One of the best experiences I've ever had. They were all helpful in answering my questions and made me feel at ease. The project ended up being twice as good as I could've envisioned!"− Jeff Gemmell
"I'm wondering why I never contacted Terrace Consulting sooner! Seriously, they all have commendable talent. Thanks for an amazing experience!"− Mark Levin