Project risk management is a process involving identifying, assessing, and addressing all risks relevant to the project lifecycle to ensure the project progresses as planned and meets its objectives. Risk management is an integral part of project planning, allowing risks, threats, and opportunities to be identified and managed effectively.
The Project Risks tool is designed to support risk management throughout the entire lifecycle of a project. It helps to proactively identify risks and opportunities, assess their impacts, and prioritise control measures according to the scope and requirements of the project. The tool provides a clear and comparable view of the project’s risk status and progress, enabling informed decision-making and preventing unexpected changes.
Proactively identify project risks and opportunities and systematically assess their impacts.
Prioritise risks and control measures with precision tailored to the project’s scope and objectives.
Create a clear and comparable risk register covering all risk categories of the project.
Monitor the progress of control measures in real-time and systematically report developments to all stakeholders.
Utilise the history and log data of previous projects to enhance risk management in future projects.
Expand use to comprehensive organisational risk management and third party risk management tools.
With the Granite Project Risks tool, organisations can effectively manage the risks associated with their projects. It supports decision-making by providing clear and comparable data, integrating risk management into project planning and execution, thereby increasing the likelihood of project success and reducing risks.