Risks/Opportunities (Project) MOD0099D8

Access

• Project (Proposal) panel → Further... → Risks/opportunities

Information

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

Details

• In the respective area heading bars, damage and gross profit values of the selected project are displayed.
  • The project values are sums of the respective values from individual active risks/opportunities. The values of the inactive risks/opportunities are not considered in project values.
• Below the area bars, individual risks and opportunities are listed and can be edited and new risks and opportunities can be created.
• In the module header you can have additional bubble charts for risks and opportunities as well as matrix diagrams for risks and opportunities displayed by clicking on the Display/hide charts button.
  • If the button is clicked on once more, the bubble charts will be hidden again.

Note

• If it is a structured project, only risks and/or opportunities of the project level on which you currently are will be displayed, i.e. either risks and/or opportunities of the main project or of the respective subproject will be displayed.
• Risk and opportunity data of the entire project structure are in the Risks/Opportunities area in the Status module in the With subprojects line.

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.

Create Risk

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.

Insert Risk Measure

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.

Risk Charts

Procedure

• By clicking on the Display/hide charts button, the following graphical representations will be 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 estimate categories of the Damage extent and Probability of occurrence and which shows the number of risks in these categories.

Risk Trend Analysis

Procedure

• By clicking on the Risk Trend Analysis link in the area bar of the risks, you switch to the Risk Trend Analysis of the project.
  • If it is a structured project, the risk trend analysis is only displayed for the project level on which you currently are, i.e. either the risk trend analysis of the main project or that of the respective subproject.

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.

Opportunity Charts

Procedure

• By clicking on the Display/hide charts button, the following graphical representations will be 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 estimate categories of the Gross profit level and Probability of occurrence parameters and which shows the number of risks in this category

Opportunity Trend Analysis

Procedure

• By clicking on the Opportunity Trend Analysis link in the area bar of the opportunities, you switch to the Opportunity Trend Analysis of the selected project.
  • If it is a structured project, the opportunity trend analysis is only displayed for the project level on which you currently are, i.e. either the risk trend analysis of the main project or that of the respective subproject.