RiskyProject Enterprise requires the RiskyProject Enterprise Server and at least 5 licenses of RiskyProject Professional or Lite to act as the desktop client. You can switch easily between a RiskyProject standalone and enterprise clients without installing or uninstalling software. If you already own RiskyProject Professional or Lite you only need to purchase RiskyProject Enterprise Server to take advantage of the full power of RiskyProject Enterprise.
Advanced Project and Portfolio Risk Management and Risk Analysis Software
Use RiskyProject Enterprise to manage risks across your organization
Portfolio risk management: organization-wide risk register
- risk ranking for portfolio, programs, and projects
- project portfolio hierarchy
- rank your projects based on their risks
- organization-wide response and mitigation plans
- manage the risk life cycle
- risk approval process, reviews, and risk history
Project and portfolio risk analysis
- assigning risks to each project, program, or portfolio
- managing threats and opportunities
- integrating with Microsoft Project, Oracle Primavera, and other project management software
- comprehensive risk analysis using RiskyProject Professional or Lite
User management
- user roles and permissions
- organizational structure
- project permissions
RiskyProject Enterprise can be accessed using RiskyProject Risk Register module: a lightweight component to view and modify risk register and view project portfolio.
Integrated Project and Portfolio Risk Analysis and Risk Management
RiskyProject Enterprise is integrated project portfolio risk analysis and management software. RiskyProject Enterprise is a client server application based on RiskyProject desktop software and designed to support companies who want to be able to assess and manage project portfolio risks at any level of their organizations.
RiskyProject Enterprise leverages the power of the RiskyProject desktop software to extend advanced risk analysis and management to programs and portfolios. It provides a collaborative environment that provides decisions makers with the key insights into how their project risks impact their projects, programs, and portfolios and allows managing these risks appropriately. In RiskyProject Enterprise, you can import or create projects and organize them into a portfolio hierarchy. Each level of the hierarchy (projects, programs, or portfolios) has its own risk register. Risks can be assigned and managed at any level of the portfolio using the built in Risk Approval process. Risk mitigation and response plans can be shared across risks and projects. Risks are presented in a probability vs impact matrix that visualized both pre and post mitigation risk scores. Managing the risk life cycle can be tracked at the organization level. Risk can be ranked in order of priority for projects, program, and portfolios. Alternatively, organizations can rank their projects based on their level of risk.
RiskyProject Enterprise also comes with User Management with roles and permissions that allow organizations to provide specific permissions and access to projects and risks. RiskyProject Enterprise enhances team collaboration as team members can easily access the projects whether they need to report a risk or generate reports. RiskyProject Enterprise is powered by RiskyProject Server, a light weight SQL Server-based database that is easy to install and maintain and is compatible with SQL Server 2005 and later and is optimized to minimize network loading.
RiskyProject Enterprise supports the analysis and reporting of the quantitative Monte Carlos simulation risk analysis and including integrated schedule and cost risk analysis. The results of the cost and schedule risk analysis for projects and programs are shown in an easy to understand Portfolio Gantt, Project Portfolio and Risked Projects views. These views provide project risk scores for cost, schedule, and other risks and allow managers to quickly see the level of project risk and prioritize them.
RiskyProject Professional, Lite, or RiskyProject Risk Register are used as clients in RiskyProject Enterprise
You may easily switch from RiskyProject Professional or Lite to RiskyProject Enterprise client.
RiskyProject Enterprise has all the features of RiskyProject Professional or Lite PLUS:
Project Portfolio Hierarchy with Risks and Uncertainties
RiskyProject Enterprise allows you to create and maintain a hierarchy of projects and programs (summary projects). Your project hierarchy is shown on the Portfolio Gantt chart. You can create projects in RiskyProject Enterprise or import them from RiskyProject Professional and Lite, Microsoft Project, Oracle Primavera or other project management software.
Project Priorities and Risk Scores
RiskyProject Enterprise calculates risk scores for each project. The risk score represents the overall risk exposure of a particular project based on the multiple uncertainties and risks assigned to the project. Risk Score > 1 indicates threats, Risk Score < 1 indicates opportunities.
RiskyProject Enterprise uses project priorities to calculate risk impacts. If a risk is assigned to a project with low priority, it will have a lower impact at the enterprise level.
See Online Documentation for more information.
View results of quantitative analysis for each project
The Portfolio Gantt shows projects with risks and uncertainties. You can view optimistic and pessimistic portfolio schedules and compare projects with and without risks. You can also see uncertainties associated with each project. The Risked Project view show project duration and cost vs. project risk.
In a well-balanced portfolio, different projects will have similar levels of risk. However, if the relative risk associated with a project is higher than similar projects, the project should be flagged for additional analysis. Alternatively, if project has less relative risk, it may represent an opportunity where additional cost or schedule risk could be transferred to it to mitigate higher risk projects in your portfolio.
Double-click on a project Gantt chart to view general project information and simulation results including statistical distributions for cost, finish time, duration, and work.
Portfolio Risk Register
A risk register is a set of all risks, issues, and lessons learned in the project portfolio. Multiple users can view and modify risks in the risk register as long as they have permissions to do so. A risk register for a project may look different than risk register for a portfolio. Risks may have different impact on projects and portfolio. Also some risks may not be assigned to the particular project. To view a risk register for a project, open a project. When the project is open, the risk register is now the project risk register.
If the same risk is assigned to different projects and programs, RiskyProject performs a calculation to determine the cumulative probability and impact of the risk at each level of the portfolio hierarchy.
Project risks may not be visible on portfolio or program level and vice versa, a portfolio risk may not be visible on the project level. The manager can APPROVE the risk: make project risks visible at program and portfolio levels. Administrator can setup different approval rules regarding the risk approval process.
Project and Portfolio Risk Probability vs. Impact Matrix
The risk matrix shows project and portfolio risks’ impact and probabilities and allows you to identify critical risks. In addition, the Risk matrix shows both threats and opportunities. The Risk Matrix is fully customizable: you can define the size of the matrix and risk tolerance.
See Online Documentation for more information.
Customizable Risk Categories for Project Portfolio
RiskyProject performs quantitative risk analysis on any types of risks outcomes including non-schedule risks. Non-schedule risk categories include quality, safety, performance, etc. The administrator may add or replace any risk categories.
You can now rank risks of all types based on scores. Risks affecting quality, safety, technology, project duration, cost, and others can be ranked together. You do not necessary need a project schedule to assign risks to projects.
See Online Documentation for more information.
Incident Management
Incidents are events that can be recorded, viewed and reported in RiskyProject. In RiskyProject, incidents are managed similarly to risks. RiskyProject has an Incident Register. This register is similar to Risk Register. Each Incident has a list of customizable properties that are a different set than risk properties. Risks and incidents can be linked to each other: one risk may have different incidents, while one incident may have multiple risks. Incidents have customizable impact classifications such as Severe Impact, Moderate Impact, Low Impact. The Incidents feature is only available in RiskyProject Enterprise and requires connection to a database.
These views can be accessed using Incident tabs within the workflow bar or ribbon:
- Incidents in the Incident Register
- Incident Statistics as a chart showing occurrence of incidents over time
Risk Reporting
RiskyProject has powerful reporting capabilities. You can generate detailed reports for all selected risks. In addition, RiskyProject provides you with summary reports for the project portfolio. Administrators can create standard report formats.
See Online Documentation for more information.
Risk History, Risk Reviews, and Risk Documents
The Risk History records any changes made to the risk over time and is updated automatically when you save the project. You may view who, when and what changes were made to a risk, the user, dates, any changes to risk probability and impact, and any notes.
You can add documents related to a risk to the risk register as part of your risk management process. This can be useful to add artifacts that were used during risk identification, assessment or other processes that are considered important to managing the current risk, but also for future reviews.
RiskyProject helps you to facilitate regular risk reviews. You can define the risk review periodicity (weekly, monthly, quarterly). RiskyProject will notify you before review is scheduled. During the risk review, you may analyze all risk attributes, make necessary changes, and write notes. Risk reviews are important part of the risk management monitoring and control process.
User Management
In RiskyProject Enterprise, user management is based on users, roles, and permissions. Each individual who accesses the system, must be assigned a user logon credential which are defined in the User Administration panel. Users can be assigned one of three roles: Administrator, Manager, or User.
In RiskyProject Enterprise users and managers will need to have a permission to access certain projects or programs or to perform certain actions, such as create or modify risks, mitigation and response plans, create new projects, change certain portfolio settings, and other actions.
RiskyProject Lite, Professional, and Enterprise
RiskyProject Enterprise is a portfolio risk management software. RiskyProject Professional features advanced risk analysis functionalities: project planning, scheduling, quantitative risk analysis, and project performance measurement. RiskyProject Lite has the same project scheduling and performance measurement functionalities, but it includes only basic quantitative risk analysis functionalities.
| Features | Lite | Professional | Enterprise |
|---|---|---|---|
| Project and Portfolio Planning and Scheduling | |||
| Portfolio time, cost, and risk management | x | ||
| Portfolio hierarchy and portfolio Gantt Chart | x | ||
| Work breakdown structure for individual projects | x | x | x |
| Gantt Chart for individual projects | x | x | x |
| Resource and work management | x | x | x |
| Project cost management | x | x | x |
| Constraints and deadlines | x | x | x |
| Multiple baselines | x | x | |
| Multiple project, task, and resource calendars | x | x | x |
| Risk Management | |||
| Risk Register (risks and issues, threats and opportunities, open and close risks, risk properties, risk probabilities, impacts, and scores, search and filter risks based risk properties) | x | x | x |
| Schedule and non-schedule risks (schedule, cost, safety, quality, environment, technology, legal, etc.) | x | x | x |
| Risk Matrix and Risk Trend charts | x | x | x |
| Risk reviews and risk history | x | x | x |
| Documents associted with Risks | x | x | x |
| Mitigation and Response Plan Registry, Risk mitigation (“waterfall”) diagrams | x | x | x |
| Customizable Risk Dashboard | x | x | x |
| Share Risk Register among different projects | x | ||
| Common risk register accessible by different users with an organization | x | ||
| Rank projects within a portfolio based on risks, portfolio and project risk profiles | x | ||
| Customizable risk categories and outcomes | x | x | x |
| Easily assign risks to tasks or resources | x | x | x |
| Risk correlations | x | x | x |
| Risk templates (standard risk templates are included) | x | ||
| Types of Uncertainty | |||
| Risk events for tasks and resources (fixed or relative delay, fixed of relative cost increase, Task restart, End task, Cancel task, etc.) | x | x | x |
| Multiple statistical distributions for task duration, cost, income start time, and lags (Uniform, Triangular, Normal, Lognormal, Exponential, Rayleigh, Gumbel, Beta, BetaPert, Discrete, Custom, and others) | In MS Project Add-in | x | x |
| Conditional branching (If-Then-Else analysis) | x | x | |
| Probabilistic branching | x | x | |
| Probabilistic and weather calendars | x | x | |
| Quantitative Risk Analysis | |||
| Monte Carlo Simulations | x | x | x |
| Global risks (for all tasks or resources) | x | x | x |
| Local risks (for selected task or resource) | x | x | x |
| Cost analysis with risks and uncertainties | x | x | |
| Analysis of success rate using project and task deadlines | x | x | x |
| Risk analysis for product lifecycle management | x | x | |
| Sensitivity analysis (analysis how uncertainties affect project duration, cost, finish time, and success rate) | In MS Project Add-in | x | x |
| Analysis of risk mitigation using multiple baselines | x | x | |
| Reporting Tools | |||
| Customizable histograms and cumulative probability plots for task or project duration, start and finish times, cost, work, resource allocation, income and revenue | In MS Project Add-in | x | x |
| Project information views (view original project parameters and results of simulation) | x | x | x |
| Custimizable Project Dashboard | x | x | |
| Result Gantt view (compare original project schedule with results of analysis) | x | x | x |
| Optimistic and pessimistic project portfolio view | x | ||
| Customizable risk report | x | x | x |
| Report Views: Cash flow, Critical risks, Crucial task, success rate, and others | x | x | |
| Integration with other project management tools | |||
| RiskyProject Add-in for Microsoft Project | x | x | x |
| Integration with Oracle Primavera | x | x | x |
| Other Project Management Software*. | x | x | x |
| Project Control with Risks and Uncertainties | |||
| Forecasting of duration of incomplete tasks with risks and uncertainties | x | x | x |
| Project tracking views | x | x | |
| Other features | |||
| Secure access to the corporate database | x | ||
| Email notification about changing of risk status | x | ||
| User management: multiples users with different roles and permissions | x | ||
| Free unlimited customer support via email | x | x | x |
| Online help and tutorial | x | x | x |
| * third-party software should be purchased separately | |||