Risk Management Softwares

Running head: RISK MANAGEMENT SOFTWARES
RISK MANAGEMENT SOFTWARES
Name of Student
Name of University
Author’s Note

1RISK MANAGEMENT SOFTWARES
Executive summary
It could be difficult for various organizations to apply a particular risk management
strategy that is standard in nature; this strategy must be even across all the projects.Some
practices that can be followed for the purpose of effective project management include planning,
identifying, analyzing, responding, monitoring and controlling.Projects as well as the risks
inherited by them might different in various ways including impact and scope. As a result, in real
life practice, it could be difficult for various organizations to apply a particular risk management
strategy

2RISK MANAGEMENT SOFTWARES
Table of Contents
Aims.....................................................................................................................................3
Introduction..........................................................................................................................3
Significance of the investigation.........................................................................................4
Listing and description of softwares....................................................................................4
Software selection for evaluation........................................................................................5
Critical review of the three softwares..................................................................................6
Criteria for evaluation..........................................................................................................6
Discussion on weighting for each criteria...........................................................................7
Setting up evaluation matrix................................................................................................7
Justification of weighting criteria for each software...........................................................8
Results..................................................................................................................................8
Problems and pitfalls...........................................................................................................9
Recommendations..............................................................................................................10
References..........................................................................................................................11

3RISK MANAGEMENT SOFTWARES
Aims
The main aim of this particular report is to discuss regarding various softwares that can
be utilized for the purpose of project risk management (Wesselink, Warner and Syed 2015). The
softwares that are selected for this particular report includes nTask, resolver, TimeCamp,
Integrum, Qualys, CURA, Blueprint OneWorld, ADAudit Plus, Diligent Boards, Optimal
SmartStart. Various projects have various types of risks; similarly these softwares that have been
selected for this particular project serve different functions in different type of project.
Introduction
Most of the businesses have a particular strategy that can be utilized for the purpose of
risk management. This strategy can be used for ensuring the success of project management.
According to various studies, around 86 percent of organizations reported in the usage of risk
management practices (Thuy, Pinter and Van Staveren2015). Projects as well as the risks
inherited by them might different in various ways including impact and scope. Hence in real life
practice, it could be difficult for various organizations to apply a particular risk management
strategy that is standard in nature; this strategy must be even across all the projects. Carrying out
risk management in an effective manner involves carrying out various steps, and considering the
project life cycles (Van Staveren2018). Some practices that can be followed for the purpose of
effective project management include planning, identifying, analyzing, responding, monitoring
and controlling. If these steps are carried out in an efficient manner, the project has high chances
to be successful.