Maximize ROI by Minimizing Risk Exposure

Build Contingency and Mitigation Plans

A risk may or may not occur and therefore not all identified risks will materialize. However, it is essential to be prepared with contingency plans. Over budgeting for risks that will never materialize may mean that the perceived return on investment for the project is too low, and potentially a profitable project may be discarded as too costly. Rysigo Rysk Management for Oracle Projects allows you to build contingency plans and to develop mitigation plans to reduce the overall Risk exposure and provide an action plan should the Risk materialize through Risk Response Planning.

You can also define Risk Impact areas that affect the Project and notify owners of tasks and actions ahead of time. For example there could be a Cost or Revenue Impact or the Risk could affect the schedule or contractual value of a task should the risk materialize.

Score and Rank Risks Automatically

Seasoned project managers can verify that in many cases, determining those risks most likely to derail the project is an art form. Rysigo Rysk Management for Oracle Projects leverages a complex algorithm to transform this art form into a science. The Rysigo Rysk Management Scoring and Ranking algorithm leverages risk impact, cost, mitigation plan and other parameters to consistently and accurately rate the risk associated with your projects. Furthermore, if your company has its own unique way of evaluating the urgency and effect of risks, the Rysigo Scoring and Ranking Algorithm can be tailored to meet your specific needs.

Execute Risk Response Plans

Should the Risk still occur, Rysigo Rysk Management for Oracle Projects allows Risk Owners to define comprehensive Risk Response Plans to provide a series of steps or Actions that need to be performed with identified Owners and calculated Due Dates to control the Risk. Furthermore, you can transfer the Impact of the Risk to other areas of the project through the Risk Transfer process.