PMComplete™ Risks and Opportunities Management

PM^Complete™ is the complete Risk and Opportunity Management solution addressing:

• Data Maintenance:
  • Risks
  • Risk Events/Materialisations
  • Project Contingency Reserves
  • Impact Assessments
  • Template Risks
• Reports
  • Project's Risks
  • Project's Risk Comparison Chart
  • Person's Risks
  • Company's Risks
  • Organisation Unit's Risks

Each of the above listed items consists of multiple PM^Complete™ functions allowing you to add new records, change, replicate, delete and list existing records, chart, enquire and report on records, add an unlimited number of soft copy document attachments to records, classify records, monitor their status through their life cycle, sort the displays into a variety of sequences, print reports, drill-down on reports and e-mail these reports.

PM^Complete™ allows you to manage risks for projects as well as for companies.

PM^Complete™ helps you to manage project risks by allowing you to record your project risks and then update the information as you go through the typical risk management process steps of:

1. Identification
2. Assessment/Analysis
3. Filtering and Selection/Evaluation
4. Avoidance and Mitigation/Treatment
5. Contingency Planning
6. On-Going Monitoring and Review
7. Status Reporting/Communicating

For companies, PM^Complete™ supports Business Continuity Planning (BCP) which is designed to minimise losses and maximise opportunities.

PM^Complete™ helps you to manage BCP by allowing you to identify company risks threatening:

• Facilities
• Products
• Equipment/Assets
• Other Companies (eg, vendors and Clients)
• Other People
• Business Objectives
• Processes

You can create a list of standard risks (recorded in Template Risks) and then copy these to become your project's risks.

You can flag risks so that they are not to be displayed to Clients or vendors.

Opportunities are the opposite of risks.

Reports use colour-coded "traffic lights" to indicate the priority/exposure of each risk.

An added advantage of using PM^Complete™ to manage your risks is that you will build up a historical repository of risks and approaches to handing them as well as Risk Events/Materialisations.  This can be used as part of a formal process (eg, during a post-implementation review) as well as in informal ways (eg, assisting Project Managers to identify the risks for their specific projects).

Risk management in PM^Complete™ conforms to AS/NZS 4360:1999 Australian Standard - Risk Management.

The following diagrams will help to clarify how the various components of PM^Complete™ Risks and Opportunities Management interact:

Risks Sub-System

Impact Assessments Sub-System

 Click here to view very detailed information incorporated in the PM^Complete Implementation Guide.

Click on the FREE Brochure Downloads menu (left) to download a variety of brochures on PM^Complete.