Risks/Opportunities (Project) MOD0099D8

Access

Information

In this module, new risks and opportunities can be created and existing ones can be edited.
- Detailed risk and opportunity assessment takes place in the corresponding Risk or Opportunity data sheet module.
The assessment of existing risks can be viewed in the form of diagrams.

Details

All risks and opportunities that have already been recorded including the measures taken to address them are displayed here in table form.
The assessment of existing risks and opportunities is visualized in the Without risk treatment and With risk treatment fields by means of a traffic light.
- By clicking on the Hide/unhide charts button, you can have graphical representations of the analyses displayed.
Clicking on a risk or opportunity ID takes you to the corresponding risk or opportunity data sheet module, where you can edit or view the existing information.
You can also access the Risk Trend Analysis and Opportunity Trend Analysis for the project using the links of the same name.

Notes

If it is a structured project, only risks and/or opportunities and trend analyses of the project level at which you currently are, i.e. either risks and/or opportunities of the main project or of the respective subproject, are displayed.
You can find risk and opportunity data of the entire project structure in the with subprojects line in the Risks/Opportunities area in the Status module.

Module Variants

Base	Risks and opportunities are shown in the corresponding 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.

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

Procedure

Click on the Insert risk button in the Risks area..
- The Risk module is opened at the right margin in the panel.
- Risks are described and assessed in the Risks module, where you also find further explanation.

The risk measures that have already been recorded are displayed directly below the risks (by unfolding the tree structure), where they can be edited.
New risk measures are recorded in the Risk module, where you will find further explanation.
Records of risk measures with Status = “Implemented”, “Completed”, or “Rejected” are displayed in gray.

By clicking on the Hide/unhide charts button, you can have graphical representations of the evaluations of existing risks displayed.
In the Qualitative assessment area, two matrix diagrams are displayed that show the number of risks measured by their extent of damage and probability of occurrence in the categories of critical, high, medium, low, and very low both without and with risk treatment.
In the Monetary assessment area, a bubble chart based on the figures of the Possible damage (x axis), % probability (y axis), and Probable damage parameters (size of the bubbles) is displayed.

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.

In the Qualitative assessment section, a matrix diagram is displayed that shows the number of opportunities measured by their Gross profit level and Probability of occurrence in categories of high, medium, and low.
In the Monetary assessment area, a bubble chart based on the figures of the Possible gross profit (x axis), Probability (y axis), and Probable gross profit parameters (size of the bubbles) is displayed.

Procedure

Click on the Generate risk or Generate opportunity button in the Risks or Opportunities area.
- A dialog box is opened where you can describe what should be generated.
- Click on Generate.
- The generated risks or opportunities are displayed
If no description is provided, the information from the Project Core Data serves as the basis for generating risks or opportunities.

This function is only available in the Web Client. An OpenAI API key must be stored in the Global Settings so that the function can be used.

If required, the prompt used can be adapted by a customizer in the Prompts module.

See also: Risks and Opportunities, Risk and Opportunity Trends in the Info Board