Project Risk Manager

Project Risk Manager is a software application developed by Shuttleworth Consulting Services Ltd, designed to assist businesses in accurately identifying, quantifying, and mitigating risks on their projects. This tool is suitable for small to large companies across various industries, including project management, risk management, engineering, construction, IT, oil and gas, and manufacturing. According to the vendor, Project Risk Manager aligns with internationally recognized risk management standards, providing a solution for organizations seeking to enhance their risk management practices.

Key Features

Multiple Installations, Secure Database: According to the vendor, Project Risk Manager allows users to download and install the software on multiple devices, while the encrypted and secure database is hosted on a cloud server. It allows for an unlimited number of projects and risks to be stored, with the only limitation being the number of active users. The vendor emphasizes that data is securely stored and protected.

Multiple Users, Offline Working: According to the vendor, Project Risk Manager enables multiple users to access projects and risks simultaneously, with user access rights controlled by System or Project Administrators. Users can work on projects and risks offline, and changes are automatically synchronized with the host database when back online. The vendor states that risks can be copied between projects and exported to Excel.

Intuitive Logic, Automatic Risk Ranking & Closure: The vendor claims that Project Risk Manager guides users in accurately identifying and quantifying risks. Pre-defined impact categories and rank descriptions assist users in selecting and ranking impacts. The vendor states that risk status is determined through automatic risk ranking and evaluation of mitigations.

Detailed Reporting: According to the vendor, Project Risk Manager offers detailed reporting at multiple levels, allowing users to print and export entire project directories and risk registers, as well as run graphic drill-down reports. Dashboard reports provide an overview of risk status on a project, and reports can be customized to display relevant information.

Public Risk Directory: The vendor states that Project Risk Manager provides a public risk directory where users can view and copy publicly shared risks to their own projects. The directory can be filtered based on various project criteria, and users can mark risks or entire projects as private to not share them in the directory.

Consequential Risks: According to the vendor, Project Risk Manager offers functionality to link parent and consequential risks and copy mitigations between them. This feature ensures that unnecessary mitigations are not applied to consequential risks already adequately treated by parent risk mitigations.

Automatic Risk Alerts: The vendor claims that Project Risk Manager includes automatic email alerts when new risks are assigned to users or when risk occurrence/target mitigation dates are approaching. This feature aims to ensure that assigned risk owners are aware of events even when not logged into the application.

Customizable Parameters: According to the vendor, Project Risk Manager offers highly customizable system parameters to cater to individual project needs. The System Administrator can define global system parameters, while Project Administrators and Risk Managers can customize risk probability, impacts, and occurrence timescale for their projects.

Smart Search & Filter: The vendor states that Project Risk Manager includes a smart search form that allows users to search for any numeric or text string in any field. The smart filter function enables users to filter the risk directory for specific information across the entire range of data.