This page is your starting point to explore the essential features of Risk Radar. Letβs dive in and discover how Risk Radar can help you assess and manage risks effectively!
Risk Radar helps teams identify execution riskβthe probability that a task will not be completed or will face significant challenges during execution. In this context, execution risk refers to potential difficulties that could negatively impact the project.
πΉ Likelihood of an issue (Probability)
The higher the chance of encountering problems, the greater the risk that the task will be delayed or require additional resources.
πΉ Impact on the project
If an issue arises, how critical will it be for the project?
For example, if the task is not completed on time, will it affect deadlines or other team members?
πΉ Difficulty to fix
If problems occur, how difficult will they be to resolve?
If fixing the issue is complex, it may slow down the overall task execution.
β
Low Risk
β The task is likely to be completed without major obstacles.
β οΈ Medium Risk
β Some challenges may arise, requiring additional resources, but they are manageable.
π¨ High Risk
β There is a high chance that the task will either not be completed on time or will require significant effort to resolve issues.
If execution risk is high, the team should proactively prepare by:
β Allocating more resources to the task.
β Adjusting priorities.
β Breaking the task into smaller, manageable parts.
β Considering alternative solutions.
Benefits:Identify Risks Early: Quickly assess and prioritize tasks based on their risk level.
See the Big Picture: Visualize risks across your project for better planning and decision-making.
Collaborate Effectively: Improve team transparency and accountability with shared risk insights.
Stay Ahead of Issues: Proactively manage risks to keep projects on track and avoid surprises.