]project-open[ supports Risk Management as one of the 10 key PMBOK areas. ]po[ allows organizations to capture, evaluate, prioritize and track risks for individual projects, portfolios of projects or the entire organization.
Risk management in ]po[ revolves around a tabular list of risks â the risk log. The sheet maintains a centralized list of risks, together with key characteristics including probability, impact. The project manager is responsible to identify and capture risks during the entire lifespan of a project.
]po[ can extract a variety of reports from risk information:
These reports are available as operational reports in HTML and CSV format, but also available in PowerPoint for executive reporting.
| Please click above
in order to download the
free Risk Log template
The following risk log template is suitable for individual projects or small groups of projects. You can download the sheet (requires free registration) and use the sheet within your organization.
You can import the risk log template directly into ]project-open[ once you have to manage more than a few project. For an example please go to our http://po40pmo.project-open.net/ demo server, login as "Ben Bigboss", go to any project, look for the "Project Risks" portlet and click on the "Import Risk CSV" link.
The ]po[ risk log can be extended with custom fields without touching the code of the application. Please see the DynField mechanism on how to extend risk objects.
]po[ offers the option to associate approval workflows with risks, allowing for administrative control of risks. Newly entered risks need to be approved by a supervisor, a centralized risk department of similar constructs. Workflow routing decisions may depend on a variety of factors including probability and impact of the risk.