Project & Programme Risk Management
"If you can't afford to take a risk, then you can't afford to compete."
former Chrysler chairman Lee Iacocca.
Risk Management is a vital, integral part of project management. Current best-practice project risk management is designed to increase the chance of meeting the project objectives, by minimising surprises during the project.
It is achieved by helping the project team to steer a path around risks and minimise the impact of risks if they do occur. It involves identifying risks, evaluating them, proposing actions to deal with them, managing the results with regular reviews and repeating the process. This is great in theory but harder in practice.
Project & Programme Risk Management
RiskAid (for projects) and RiskAid Enterprise (for programmes) make best practice risk management so much easier.
- They guide your teams through the risk management process
- the help your teams to find the most effective solutions,
- they give you the information you need to take cost-effective action at the right time
- this results in more resilient, smoother running projects and programmes that meet their objectives.
RiskAid and RiskAid Enterprise provide:
- a secure collaborative environment where all data is held and designated team members can cooperate throughout the project
- risk assessments in terms of time, money and any other chosen criteria or Key Performance Indicators (KPIs)
- interactive displays to help you all to identify and categorise risks that could affect the smooth running of your project
- automatic risk prioritisation to help you concentrate on where you can get the best return for your efforts
- a mechanism to help define actions and link them to risks
- displays showing the potential benefits and effects of the action in cost, time and in terms of other criteria and KPIs
- overall potential exposure in terms of cost, time, other criteria and KPIs
- fully recorded history throughout the life of the assessment to support trend analysis and audit trails
- private "what-if" scenarios where team members can try out alternatives to find the best solutions, before proposing them for inclusion
- all the reports you need
- award-winning mathematics handling all calculations and giving you the information you need to make sound decisions
RiskAid uses a simple wizard to synchronise its data to most commonly used project management software, so that you have a central repository for all tasks and milestones.
RiskAid is the only risk management tool accredited by the APMG as meeting the requirements of Managing Successful Programmes, Management of Risk and PRINCE2. Both tools meet all current risk management standards including the Risk Management Standard by the Institute of Risk Management, BS6079-3:2000 and AS/NZS 4360 (1999).