RiskOrganizer

RiskOrganizer is a robust risk management system designed to assist organizations in effectively managing and mitigating risks, leading to improved business outcomes. According to the vendor, it offers a range of tools and resources for identifying, assessing, and treating risks, as well as monitoring their progress. RiskOrganizer caters to organizations of all sizes, from small businesses to large enterprises, and is widely used by professionals across various industries, including asset owners, consultants, contractors, project managers, and risk managers.

Key Features

Risk Management: According to the vendor, RiskOrganizer provides a comprehensive risk management system that enables users to identify, assess, and treat risks within their organization. It offers a user-friendly interface for entering and managing risk data, along with a diverse selection of reports that can be easily accessed.

Uncertain Cost Management: RiskOrganizer includes toolsets equipped with Monte Carlo modeling, allowing project teams to effectively manage cost uncertainty. Users can conduct simulations to assess the most probable cost and handle contingency. The system also facilitates ongoing contingency management and improved cost forecasting.

Manage Estimate Uncertainty: RiskOrganizer helps users achieve more accurate and transparent estimates by enhancing scope definition. The vendor claims that it supports monthly end cost forecasting, enabling users to track and manage project costs more efficiently. By providing a realistic assessment of the cost of issues, RiskOrganizer facilitates early resolution and helps prevent disputes.

Asset Owner: According to the vendor, RiskOrganizer empowers asset owners to have a larger number of individuals managing risk within their organization. It aids in reducing contract risks by identifying and addressing potential issues at an early stage. By achieving more reliable estimates, RiskOrganizer ensures alignment between planned and actual costs, while early issue resolution promotes smooth project execution.

Consultant: The vendor asserts that RiskOrganizer assists consultants in minimizing business risks and enhancing the value of their professional indemnity insurance. It promotes the adoption of safe design practices, enabling consultants to differentiate their services from competitors. The system also supports consultants in achieving more reliable estimates, thereby enhancing their credibility and accuracy.

Contractor: According to the vendor, RiskOrganizer empowers contractors to effectively manage risk and gain a competitive edge. It enables contractors to shape tender documents through expressions of interest (EOI) and helps identify and address potential issues early on, reducing contract risks. The system also facilitates more accurate estimates, thereby improving cost planning and control for contractors.