Software for Risk Management

Risks related to projects, costs, technology, strategy, and personnel – they all have an impact on your projects. Therefore, you should analyze your requirements for potential risks. But risks can also arise from change requests, project planning and architecture decisions. With objectiF RPM, you make the relationships between requirements, change requests, planned project activities, architecture elements and the resulting risks visible and comprehensible.

But risk management is more than that. It is an iterative process designed to improve the quality and predictability of the project. Identifying risks through risk analysis is followed by risk assessment, risk mitigation and risk control. objectiF RPM supports all four steps. The risk matrix, kanban board and numerous reports help you to keep an eye on the most important risks at all times.

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Consciously dealing with Risks leads to a more secure Project Goal.

objectiF RPM offers everything you need.

Risk Analysis

Identify potential risks as soon as you define requirements. With objectiF RPM, you can assign risks to a requirement with a click. Conversely, you can specify the causes of a risk just as easily. In addition to requirements, you can also use architecture elements and project activities. A proven method of risk identification is the definition of hazard scenarios.

This is best done in a team – supported by the graphical expression tools in objectiF RPM.

Risk analysis with hazard scenario in objectiF RPM

Risk Assessment

When assessing risks, you have to deal with uncertainty. It is therefore very important to keep the assessment as simple and comprehensible as possible. objectiF RPM provides you with a form for each risk. In this form, you can record occurrence indicators, probability of occurrence, impact and estimated damage in a consistent manner. You can also assign a priority so that you can easily focus on the most important risks during risk mitigation and management.

Risk Mitigation

Avoid, mitigate or accept? With objectiF RPM, you can determine the selected strategy for a risk with one click and then explain your decision in detail. Get down to business: Use objectiF RPM to define measures for risk mitigation. Each of these measures can contain a bundle of activities and requirements that need to be integrated into the project. With objectiF RPM, you can directly derive the activities and requirements for each measure. The relationships to the risk are automatically traceable.

Risk Controlling

What is the status of identified risks? Have new risks been added? Is the assessment still accurate? Are the taken measures effective? All this needs to be checked regularly. With objectiF RPM, nothing could be easier: real-time reports provide complete status information on risks and mitigation measures. The risk Kanban Board makes progress in risk management visible and facilitates collaborative work. The risk dashboard provides you with real-time data right away.

Risk Matrix and Reporting

Regular management reporting on an ongoing project also includes information on the current status of risk management. objectiF RPM provides you with a variety of reports with just a few clicks. These include risk assessments configured according to your specific needs with status information and a risk matrix – both in MS Excel format. You can also generate target group-specific documentation of risks and measures as MS Word or PDF files.

Risk matrix in MS Excel from objectiF RPM

Risk management compliance in objectiF RPM

Risk Management and Compliance

Risk management is part of many standards and regulations. The obligation to act in accordance with standards in risk management is therefore part of company-wide compliance. objectiF RPM proves to be a strong partner here. With objectiF RPM, projects are set up uniformly using templates. Among other things, everything you need for risk management is also created. This allows you to start any project quickly and in compliance with regulations.

How to Establish Risk Management with Our Tool That Fits Your Approach Exactly?

Our consultants are experts in process and project management. Do you have to comply with specific risk management specifications, adhere to fixed workflows and submit special reports? We can help you to configure objectiF RPM so that your team can get started right away. Arrange your free consultation appointment now.

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