Risk Management Software & Preferred Option

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Project Management & Information Technology
Risk Management
4/15/2019

Project Management & Information Technology
Table of Contents
Introduction...........................................................................................................................................2
Risk Management Software & Preferred Option...................................................................................2
Software: nTask.................................................................................................................................2
Resolver.............................................................................................................................................3
TimeCamp.........................................................................................................................................3
Integrum............................................................................................................................................4
Qualys...............................................................................................................................................4
Preferred Option................................................................................................................................5
Report Outline.......................................................................................................................................5
Introduction/Overview.......................................................................................................................5
Purpose..............................................................................................................................................5
Project Management Area.................................................................................................................5
Associated Software Solutions..........................................................................................................6
Preferred Option................................................................................................................................6
Detailed Analysis...............................................................................................................................6
Recommendations & Conclusion......................................................................................................6
Conclusion.............................................................................................................................................6
References.............................................................................................................................................7
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Project Management & Information Technology
Introduction
Project Management is one of the necessary disciplines that cover numerous knowledge areas
and concepts. Risk management is one such knowledge areas that come under the domain of
project management. There may be various risks that may emerge in the projects that may
have certain impact on the project resources and the progress. With the developments in
technology, there are several software solutions that have been developed which may be used
for risk planning, analysis, control, and treatment (Dey and Kinch, 2010). The report covers
the details of such software solutions and also includes the recommended option out of all.
Risk Management Software & Preferred Option
Software: nTask
It is necessary that the risk management software that is deployed in the organization is not
complex and has the ability to control and treat the risks. In case of the enhanced complexity
of the software solution, it will not be possible for the organization to achieve its purpose and
the risk management activities will not be adequately carried out.
One such risk management software solutions, that is easy to use and deploy and also come
with rich set of features is nTask. There are several features and benefits that are incorporated
in the software solution which are as listed below.
 Enhanced risk reporting: The risks that are logged through the tool are mapped with a
risk owner so that the tracking and control of the risk can be done with ease. The risk
reporting features of the tool provide benefits to the agile teams.
 Visibility: Risk management process is not restricted to the identification of the risks.
However, it is necessary that the risks can be tracked and controlled as per the
situation. The tool allows tracking the risks and assessing the associated probability
and impact levels to control the same (Ntaskmanager, 2019).
 Risk Impact: There are advanced analytical tools integrated in the software solution to
understand the impact of the risks involved.
 Risk matrix: Automated risk matrix is generated through the tool which allows
assessing the risks and its associated parameters.
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