Risk - The anticipated relative likelihood of a project's failure to meet planned technical, schedule, or cost objectives.

Given a particular set of technical objectives, a particular schedule for completing those objectives, and a particular budget or "allowed cost" of completing those objectives, the "where you want to be" portion of the assessment is easy enough to obtain for any given point in time. How, then, does one determine "where you are" and subsequently qualify the "relative likelihood" of getting from here to there?

Enter the subjective world of Project Risk Assessment.

What you really need is project risk software that can be up and running quickly, covers all of your fundamental needs, has a proactive solution to help all team members, and can be seen by the entire project.

Typical Problems Solved by RiskSol:
  • Risk assessment is calculated to the nth degree just to satisfy a requirement from management.
  • Tracking of risk mitigation is never up-to-date due to time constraints on team members, (obe). Risks are only revisited when neglect is obvious.

FEATURES

RiskSOL BENEFITS
Provides a standardized process for identifying and mitigating risks Provides consistent improvement in your ability to successfully manage projects risks
Interfaces with Microsoft® Project for forecasting and updating Risk items are part of the standard statusing process
Automatic e-mail notification to risk owner of Mitigation step update Increase communication of risk factors, allowing members to act quickly
Graphic display of risk "Step-down" chart showing schedule and effect Entire project understands risk status and plan


PIMSOL : Providing the project management team with an information source that performs a proactive role in quickly identifying areas of concern and managing by exception.