It is true, we all have experienced that business and management processes are dotted by risk factors. It is important for us to understand; to chart out a game plan, where risk management is a yardstick and not a choice.
SharePoint Risk Management enhances risk management process across organization by visualizing the project risks at a glance. The graphically represented reports within the tool are useful for explaining the risk status to concerned authorities (project sponsors or steering committee) etc.
Project risk management is often a responsibility that is either skipped or drafted with least importance in the beginning of any project. It is initiated during the planning stage, but gradually forgotten or set aside as nothing important. There are two reasons, often the project team has no clue on how a risk factor list is made or it perceived as a time consuming job. It is important for the team to review and analyze previous projects and their documentation to check on items, which could mean “potential risks”. SharePoint comes in handy to solve this problem.
Let us analyze three important aspects of risk management:
i. Impact is defined as the overall effect or influence that particular risk factor would have on the entire project.
ii. Probability is defined as possibility that the identified risk will truly occur or not.
iii. Risk Trigger is defined as the event or job that will trigger the risk to become a reality.
In this scenario, SharePoint provides an excellent collaborative tool, which has great visibility and excellent risk recording for projects.
Katpro Technologies is a Global IT & Technology Solutions enterprise with its primary focus on developing cutting edge and unique digital solutions. It was established in 2011 with global offices in United States and India. Katpro garners an envious reputation in Microsoft based Technologies. We are a reputed Microsoft Certified Partner in Cloud based development like SharePoint, Azure and Artificial Intelligence.
Talk about advanced Project Management Solutions or Ultra Modern Technologies for large real estate, enterprise and manufacturing companies, they are huge accomplishment and milestones for us
We are quite eager to share our thoughts, now that you have read it, let us know what you think. Do call us for a demo, or if you need to explore more about SharePoint Document Management send us an email at email@example.com