Project Risk Management

Reed PS sees effective Risk Management as a critical success factor for a successful project or programme. To emphasise this belief, Reed PS has built a risk management toolkit that forms an embedded part of the overall collaborative environment instead of the more-frequently encountered use of a spreadsheet based document.

Designed for the entire project team, our product is a risk management tool for the systematic identification, mitigation, and reporting of project risks and opportunities. It combines a user-friendly interface with a higher level of flexibility and granularity than other products. The many powerful reporting options ensure that executives gain enterprise-level visibility into risk exposure and project managers stay in close control of their individual projects. Based closely on the PMI risk methodology, it helps organisations practice a formalised, five-step process for risk management: planning, identification, assessment, response, and control.

Key benefits of our risk management and toolkit include:

• Complete support for the proactive management of risk
• Prioritisation of project risks
• Better decision making, particularly when used in conjunction with Earned Value Management
• Easy identification of high-risk areas
• Cross-project/work stream visibility into risk exposure
• Proactive mitigation step management
• Tracking of risk mitigation actions and responsibilities
• Measurement of mitigation strategies