Risk Management

The pmo365 Risk Management workflow assists in the identification and management of risks from project initiation right through to delivery and closure. Risk Management develops contingency and mitigation plans so project teams are well prepared to deal with any issues that may arise during project delivery.   

Streamline Your Risk Management with pmo365

pmo365‘s integrated platform seamlessly connects project teams to create comprehensive contingency and mitigation plans that limit the impacts of issues along the project delivery timeline. Best practice RAID logs work together with real-time updates and monitoring tools to instantly trigger a response whenever potential threats are discovered. Risk Management increases the likelihood of successful project delivery and ensures expected returns are preserved when the organisation faces challenges in project delivery.

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Why Choose pmo365 for Risk Management?

pmo365‘s contingency and mitigation plans ensure that your project teams are well-prepared for the emergence of issues in project delivery at any time. Our PMO risk management workflow assists in thoroughly identifying risk factors in smaller projects and provides a clear and detailed plan of action for project teams whenever a response is required. It also lets you create enterprise level alerts when the risk escalates to other projects and portfolios.

pmo365’s fully connected project portfolio management system continuously monitors risk across all departments in real time and provides the reassurance and unmatched visibility that is essential for effectively managing large and interdependent portfolios.

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What Makes Us Different

pmo365 is not a separate PMO risk management tool, but an integrated, versatile solution that customises Apps, Flows, Reports and Connectors to the needs of project managers and the PMO. 

Risk management is an all-of-enterprise task that requires fully connected project management tools. Configuration of pmo365 puts critical  information and risk management data within easy reach of project teams and stakeholders and improves visibility for better reporting and faster response times.

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Key Features of Risk Management

Risk Identification

A systematic and structured approach for detection and management of risk using best practice templates, checklists and monitoring tools.

Contingency Planning

Risk mitigation strategies and response plans with clear documentation, accountabilities, and employee guidelines.

Risk Assessment

Logical, methodical assessments of all risks and their potential impact on the organisation.

Risk Monitoring and Reporting

Capabilities to monitor and track risk throughout the project lifecycle with regular monitoring of performance and crystal clear reporting for presentation to key stakeholders.

Frequently Asked Questions

PMO risk management is the process of detecting, analysing, and responding to risks that may impact the delivery of projects and portfolios. PMO risk management practices aim to create actionable contingency plans based on an assessment of potential risks and the effectiveness of those plans to mitigate or prevent them. Risk management workflows codify these practices and draw on performance data to form consistent and repeatable methodologies that ensure every project’s successful delivery to completion.

pmo365‘s Risk Management workflow delivers:

Enterprise-wide Visibility: a comprehensive view of risks across the project portfolio for timely and proactive risk management.

Best Practice Assessment and Mitigation: systematic risk assessment with standardised risk assessment methodologies, tools, and templates. Organisations can analyse and evaluate risks based on their likelihood, impact, and interdependencies, and devise comprehensive risk mitigation strategies to manage them.

Ongoing Risk Monitoring and Tracking: continuous monitoring and tracking of risks throughout the project lifecycle with real-time updates on risk status. These permit prompt action on emerging risks and the rapid deployment of mitigation measures.

Integrated Risk Management: seamless integration of risk information within project data (e.g. risk registers) enabling holistic and informed decision-making across all portfolios.

Data-Driven Decision Making: data-driven trend analysis and visualisations generate insights and metrics to support risk management throughout the project lifecycle.

Standardisation and Consistency: consistency in risk management strategies across the organisation ensures correct methodologies, risk registers, and mitigation plans are all embedded within project management and well understood by all team members.

Compliance and Governance: risk governance frameworks ensuring adherence to internal governance policies, industry standards, and any external regulations reduces the potential for risks in project and portfolio delivery.

Enhanced Communication: effective communication and discussion between stakeholders around project risks fosters a culture of accountability, transparency, and trust among project teams and stakeholders.

PMO risk management assists in identifying potential threats and uncertainties that may jeopardise project success. It improves stakeholder confidence by helping project managers to plan for unexpected events, minimise the likelihood of issues emerging, and limit their potential impact. Effective risk management enables informed decision-making around resource allocation and contingency planning and improves the likelihood of projects being delivered successfully within the constraints of time, cost, and quality.

pmo365 is a fully modular system. Each App, Flow, Report or Connector easily plugs into place to build the exact real-time project portfolio management system you require. Our solution centralises the recording of risk-related information and provides improved visibility across all project departments. And, because it’s modular and highly customisable, the ability of pmo365 to evolve and change with your needs as you grow is built into the system – not as an afterthought. We provide tailored solutions to manage all project information and risk management strategies with the latest, best-practice collaborative tools, instantaneous data updates, and integrations of all the project management tools you currently use.

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The Project Management Office on your Microsoft 365 Cloud

Our Other Apps & Workflows

pmo365‘s Solution Library offers a complete and comprehensive range of project portfolio management software. You can choose the solution that best serves your current needs and continue to explore new enhancements over time. Our subscription service means you pay only one monthly fee with absolutely no development costs or building of code from scratch.

We deploy pmo365 using Microsoft’s secure and adaptable Power Platform, so you have virtually unlimited access to new Microsoft and non-Microsoft PPM tools for life.

Furthermore, once you take out a pmo365 subscription, you own the solution and all the data kept on your Microsoft 365 cloud forever – even after your subscription expires. And we’ll continue to help you to manage your service however and whenever you need it.

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Model-Driven Application

No cookie-cutter demos here! A pmo365 representative will schedule a virtual meeting with you and customize your demo based on your business’s unique challenges, needs, and project interests.

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