Project Risk Management
CURRENT ISSUES AND CHALLENGES
Planning and controlling project risk became critical to secure high-quality project outcomes in today’s fast-paced environment. However, on-going issues with the traditional approach in managing risks for the projects are still impacting the quality of delivery in project management.
Unreliable task relations and dependencies
For complex projects there is usually a lack of understanding of task relations and dependencies from the project onset. This generates an initial unreliable project structure that can only get worse as the project moves on.
Lack of historical data
When trying to identify project trends there is a lack of historical data inherited from the way the projects are run. Usually there is a single copy of the project plan that gets updated as the project evolves.
Project Optimization Analysis
Rework and delays losses can be reduced by implementing the right risk management tools and methodologies during a project’s initial conception and lifespan.
Historical Predictions
Microsoft Project is the most widely used project management tool available on the market. Using our data analysis methods and tools, we are providing our clients with a project monitoring service that allows us to analyze cost trends and predict delays and rework losses before they happen.
Improve and Adapt Projects
A forgotten task, a forgotten dependency, a redundant task, an over allocated resource, a new scheduling: all of these changes can add days, weeks, months, or even years to a project’s lifespan. Our tool keeps track of all these changes and provides solutions by connecting to your organization’s ticketing/productivity software. Be it JIRA or ManageEngine, we create tickets that will help your PMO stay on top of any changes that happen to your projects.
Global View
Using our project risk tools and methods, we provide a global view of your organization’s ongoing projects so you can prioritize what projects need the most support in order to avoid any further losses caused by delay or rework. Our integrated dashboards contains critical information about a project’s spending, its delivery estimation, its current delay, and its current cost. Adaptive project metrics cater to your organization’s specific KPIs to give you an even greater competitive edge.
Strong Visualization
By implementing the features offered by Tableau Server, MS Power BI and other powerful APIs, we create custom and easily accessible visualizations that only require an internet connection to view and edit.
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