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 an issue 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 issue 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 issue is not resolved 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 overall project execution.
β
Low Risk
β The issue 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 issue will either not be resolved on time or will require significant effort to fix.
If execution risk is high, the team should proactively prepare by:
β Allocating more resources to the issue.
β Adjusting priorities.
β Breaking the issue into smaller, manageable parts.
β Considering alternative solutions.
By assessing execution risk, Risk Radar helps teams reduce uncertainty and optimize workflow, ensuring smoother project execution.
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.