Risks/Opportunities (Program) MOD009C8Y

Access

Information

In this module, risks and opportunities are collected and edited based on the program.

Details

In the respective area heading bars, summarized damage and profit values are displayed, which result from all collected risks and opportunities of the program, regardless of whether they are active or inactive, except the Probable value. Since it is only calculated for active risks and opportunities (see notes under Create risk) it is consequently only summarized to the sum area for active risks and opportunities.
By clicking on the Unhide/hide charts button, bubble charts for risks and opportunities as well as a matrix diagram for risks will be displayed in addition.
- If the button is clicked on once more, the bubble charts are hidden again.

Module Variants

Base	Risks and oppotrtunities are shown in the respective area (Risks and Opportunities), single-lined and ungrouped. This module variant is loaded by default.
by category	In this module variant, risks and opportunities are displayed in the corresponding area, single-lined and grouped by the Category parameter.
by priority	In this module variant, risks and opportunities are displayed in the corresponding area, single-lined and grouped by the Priority parameter.

Risks

Information

Risk management is the systematic collection, evaluation, and controlling of different risks.
Risks increase costs or lead to provisions.
In order to achieve suitable preventive and protective measures, you have to identify new risks at an early stage and re-evaluate known risks continuously.

Procedure

Insert a new risk record by clicking on the plus button next to the heading.
Enter the name in the Risk field.
Select the required category from the listbox.
The amount of damage possible due to the occurring risk is specified in the Possible field (EUR).
Enter the probability in the Probability field (in %).
The probable extent of damage is calculated in the Probability field from the values in the Possible and Probable fields. If measures are subsequently added to the risk, their values are taken into account in the calculation of the probable damage as well.
If required, you can go ahead and fill other fields and save subsequently.

Notes

All newly created risks are active by default (Active checkbox activated).
If risks are deactivated,
- they will not be considered in analysis and status reports.
- they will not be displayed in the charts.
- the probable damage in the Probable field is not calculated for such risks either.

Procedure

Insert a measure record by right-clicking on the required risk record and selecting Insert → Measure from the context menu.
Select the required status from the listbox.
Define the measure in the Measure description field.
Enter the date in the Date field.
You can go ahead and fill other fields if required.
Save.

Procedure

By clicking on the Hide/unhide charts button, the following graphical representations are displayed:
- a bubble chart based on the numbers of the Possible damage (x axis), Probability (y axis), and Probable damage parameters (size of the bubbles) and
- a matrix diagram which is based on the high, medium, low categories of the Extent of damage and Probability of occurrence parameters and which shows the number of risks in these categories.

Information

Opportunities management is the early identification, evaluation, and management of future gross profit potential.
Opportunities increase revenues and/or the opportunity to increase sales/revenues.
New strategies and innovations can be implemented through the initiation of adequate measures.

Details

The procedure for collecting and editing opportunity and risk measures equates to that for risks.

Procedure

By clicking on the Hide/unhide charts button, the following graphical representations are displayed:
- a bubble chart based on the numbers of the Possible gross profit (x axis), Probability (y axis), and Probable gross profit parameters (size of the bubbles) and
- a matrix diagram which is based on the high, medium, low categories of the Gross profit level and Probability of occurrence parameters and which shows the number of risks in these categories.