Online Project Risk Management Tool

Better prepare your organization to manage unforeseen events & contain threats to project success

Quick & easy to highlight project risks

Project team – including team members and project manager can highlight project risks to risk register online. It gets flagged to project manager for review. Project manager can further review it for impact, etc but every highlighted risk gets in to project risk register and shows up in the pending list of project manager if it is not reviewed. Person submitting risk and project owner gets email notification, in-app alert as soon as risk is submitted. Thus any submitted risk is unlikely to get unnoticed and project manager has to act on it.

Take a stock and review risks impact, probability

Project manager get open risk details simply by clicking on the link in the risk email notification. Using experience, context and judgement, project manager can review risk for its likelihood (1%-100%) as well as impact such as

Insignificant
Minor
Major
Moderate
Catastrophic

Based on this risk assessment, software will calculate effective exposure of this risk to a project.

Set mitigation plan, contingency plan in response to potential risk

Once risk exposure is assessed, project manager can devise a risk response strategy, whether risk will be accepted, mitigated, avoided, transferred or contingent. Accordingly, s/he can specify mitigation and/or contingency plan. Identify resource to take further action, set due date for resolution. Project manager can also identify impact on schedule, resources, cost and set link between task and a risk. Thus you get not only better visibility but also use the ability to preform dynamic changes to project timeline.

Get bird-eye view of risks across portfolio of projects

ZilicusPM also portfolio managers with a bird eye view of multiple risks across portfolio of projects using portfolio risk dashboard. Executive management can quickly number of project risks per project with varying impact. Project manager can also view risk heat-map or risk matrix (5×5) in project dashboard.

Once you start using ZilicusPM, you will happily forget about Excel, MS Project, status meetings and all such operationally inefficiencies techniques to streamline your project risk planning, delegation, tracking and management.

ZilicusPM risk management tool is easy to use &
It has so much for you to manage projects risks like a pro

Manage project risks using risk management tool in ZilicusPM. It is easy to submit risk, track risks using risk register, evaluate its impact and likelihood and set response strategy effortlessly. Take a look at features you can use to quickly contain, exploit risks using online tool

Submit risk

Online risk register

review risk

SET RISK RESPONSE

ASsess risk probability

assess risk impact

Set Contingency plan

set Mitigation plan

Assign Resources

attach file

risk comments

track time against risks

risk reports

view risk heatmap

project risk dashboard

portfolio risk dashboard

Custom fields

risk notifications

Risk due date

task linked to risk

Sign up for ZilicusPM today

Start your 30-day free trial. No credit card required. No strings attached.

ZilicusPM has been super helpful!! It Saved Our Company

I love that this program has helped better manage our projects, jobs, and what is due and deadlines for each aspect of a project. Also, it helps us keep track of when items are due and it alerts you as well. Since using this program, we have managed our time and projects more efficiently.

Samantha D

Management Associate

More features from ZilicusPM project management tool

My Project Tasks

Designed for team members, it shows only those project tasks assigned to you

Time Tracking

Track time against project tasks, issues, risks. Submit for approval using web, mobile

Timesheet Approval

Get timesheet approved by project manager or set auto-approval in place

Expenses Tracking

Submit project expenses across multiple projects tasks using web, mobile

Expenses Approval

Get expenses approved by project manager or set auto-approval in place

Issue Tracking

Track project issues, set priorities, add comment, track them all and get resolved

Risk Management

Your online project risk register. Assess risk impact and set response strategy

Change Management

Manage every project change request. Evaluate its benefits and impact before approving

Stakeholder Management

Invite internal, external, statutory stakeholders to access project information

Project Approval

Submit project requests for approval, PMO/portfolio manager can review, approve it

Project Templates

Use, reusable project schedule and team combination. Save time in these mundane activities

Portfolio Budget

Set portfolio budget, allocate its parts to projects. Track budget vs allocated amount

Portfolio Dashboard

Portfolio and executive management can get clear and real visibility into portfolio status

Project Budget

Set project specific budget and track it against estimated or actual cost

Cost Management

Track project cost divided into resources, fixed and other costs. Compare planned vs actual

Project Billing

Set project billing and track project billing through the project execution process

Earned Value

Track value earned by your projects using earned value reports

Assign Tasks to Staff

Quickly assign tasks to your team members, get them notified

Resource Calendar

Set resource calendar – working days, hours per day

Resource Workload

Clearly see workload for a given staff member, daily, weekly or monthly basis

Resource Skills

Set resource skills, roles and filter resource for capacity planning, allocation

Project Meetings

Set project meetings, invite attendees, track MoM & action items

Document Sharing

Share project documents, tasks, issue, risk, change specific documents

Discussion Board

Ideate and collaborate with your project team, clients.

Client Collaboration

Invite your clients, share plan, documents, issues, changes with your clients.

App Alerts

Get notified when pending tasks, issues, risks, approvals are pending on your name

Email Notification

Get task assignment emails in your inbox, update status through email, comment and mroe

Team Calendar

Know who is working on what, when in your project tema

Custom Reports

Create your own report, set columns, filters, grouping, etc.

Sign up for ZilicusPM today

Start your 30-day free trial. No credit card required. No strings attached.

Project management guides, best practices

Explore guides to best practices of project management, tools, processes, project management office setup , etc published on ZilicusPM blog.

PM Tool Selection Guide

Guide to select best project management software

Managing Project Changes

Hurdles one need to cross while managing project change requests

Guide to Set up PMO

Guide to set up project management office (PMO)

Software Project Management

Learn more about roles and activities involved in software project management