Risks/Opportunities (Program) MOD009C8Y

Access

• Program panel → Further... → Risks/Opportunities

Information

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

• The evaluation of existing risks can be viewed in the form of diagrams and charts.

Details

• There are two buttons in the area header bar:

  • Risk trend analysis or Opportunity trend analysis for opening the Risk Trend Analysis or Opportunity Trend Analysis of the program.

• 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 two matrix diagrams for risks are displayed in addition.

  • If the button is clicked on once more, the bubble charts are hidden again.

Module Variants

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.

This module supports the identification and assessment of risks in accordance with ISO/IEC 27001.

Create Risk

Procedure

• Click on the Insert risk button in the Risks area.

  • The Risk module, in which information on risks is recorded and evaluated, is opened on the right-hand side of the panel.

• Allocate a Name.

• Save.

• Newly created risks are automatically assigned a risk ID and are active by default (Active checkbox activated). Active risks are

  • considered in analyses and status reports,

  • displayed in the charts, or

  • the probable damage is only calculated for active risks in the Probable damage field.

Carry Out Risk Evaluation

Information

• PLANTA project offers an option to perform a qualitative and monetary evaluation of recorded risks.

It is recommended that only one risk evaluation method be used.

Carry out qualitative evaluation and risk treatment.

• In the Qualitative evaluation area

  • Make an estimation of the risk before risk treatment in the Damage extent and Probability of occurrence listboxes.

    • The categories selected in both list boxes are used to calculate the risk evaluation before risk treatment and to display it in the corresponding diagram.

  • The Risk treatment field lists measures that have already been implemented and contribute to risk minimization.

    • Risk management measures are usually defined or adjusted at regular internal company meetings, where key stakeholders discuss the risks associated with company assets.

  • In the Damage extent and Probability of occurrence list boxes, provide an assessment of the risk after risk treatment, i.e., taking into account the effects of measures already implemented.

    • The categories selected in both list boxes are used to calculate the risk evaluation after risk treatment and to display it in the corresponding diagram.

  • Save.

Carry Out Monetary Evaluation

• In the Monetary evaluation area

  • in the Possible damage (EUR) and Probability (in %), make an assessment of the risk.

    • This input forms the basis for the visualization of risks in the corresponding diagram.

  • Save.

Insert Risk Measure

• The recording and documentation of risk measures is explained in the Risk module.

Opportunities

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.