Risk Management
Corporate Risk Project Management Software
ProjectVision’s corporate risk project management capability allows its users to identify and assess any risks or issues facing an organization. Risks or issues have the potential to negatively impact a project. ProjectVision will enable these risks and issues to be correctly managed so as to ensure they have the lowest possible negative effect on the organization.
ProjectVision allows the management and control of risks and issues. Ensuring that projects and programs, risks and issues are captured, tracked and ultimately resolved. Risk management ultimately has a positive impact on projects and programs as it will ensure a minimising of cost and time overruns.
Risk and issues that have an impact beyond the specific project can be flagged as program risks.
Risks are managed with the following information:
- Risk description
- Risk probability and impact measured using a colour-coded, user-definable risk matrix
- Who the risk was raised by
- Who the risk is assigned to – this appears in the user’s dashboard
- Date due to be resolved by
- Risk mitigation strategy
- History of changes and amendments
Issues can also be managed and assigned to users, either created directly or from the risk that has occurred.
ProjectVision allows the user to:
- Create a risk matrix which is configurable for each organization
- Add multiple risk impact areas to a single risk
- Includes risk justification section – this allows you to document your reason for setting the levels for the impact and probability of the risk
- Additional reporting capabilities on standard risks report
- Throughout the project lifecycle, risk levels will change, can be closed or become issues. ProjectVision will maintain a log of all activity surrounding the risk,
