Collaborate to Discover and Manage Risk

Uncover all Risks

Through a secure, streamlined web user interface, Rysigo Rysk Management for Oracle Projects allows project managers, team members, stakeholders and others to surface all potential project risks. These can then be incorporated within the Project Planning and Execution phases upfront and throughout the life of the project. Since the creation process is simple intuitive, and collaborative, the probability of project risks being captured is greatly increased.

In addition to manual risk entry, risks can be automatically generated by predefined project conditions. For example, a Risk may be automatically created if a critical task is projected to not complete on time, or if cost estimates are nearing budget This ensures an accurate representation of the overall risk exposure for your project.

Automatically Create Change Documents

When a risk materializes, Rysigo Rysk Management enables any Team Member the ability to raise the issue with appropriate customized Workflow approval levels defined. Further, it also enables Risk Transference and allowing the Risk impact and resolution, once approved, to be transferred to other areas of the project such as Oracle Projects Change Documents integrating key financials into the action plans.

The cost of the materialized risks can therefore be transferred to your customer or absorbed into your Financial Plans. Since Rysigo Rysk Management plugs into Oracle Projects, the integration is seamless – there is no need to re-key information. As such, timing, resource and financial data is more complete and accurate, and users can focus on tasks which add value.

Learn from Experience

Rysigo Rysk Management for Oracle Projects provides a full history of what risks were identified and by whom. The associated mitigation plans (or lack there of) can be clearly seen. This information can be leveraged not only in postmortem examinations, but in reporting and planning in the future. Rysigo Rysk Management for Oracle Projects therefore provides tools to give you the best chance of successfully executing your projects – on time and within budget. These past experiences and learnings can be built into your project templates. This will ensure it will never be missed again and that over time, your enterprise will achieve greater success.