Risk; A state of uncertainty where some of the possibilities are an undesirable outcome.
Historically decision makers managed the strategic risks associated with IT transformation projects by applying heuristic methods based on their own individual skills and experience. Alternatively they ignored them, with often disastrous consequences.
As projects increase in size and complexity, and as time to market and ROI demands become ever more stringent, it’s now essential for decision-makers to use more disciplined and systematic approaches to understanding and managing strategic project risks.
By using the right supporting tools and processes, decision makers can obtain the insights necessary to take actions that are often crucial to the success of their programmes and projects, and essential to the delivery of required business benefits.
A systematic approach to risk management will;
- Impose discipline in the identification and analysis of risks.
- Facilitate communication among all stakeholders at all levels of the organisation.
- Promote the efficient management of risks and provide managers with sufficient information to focus on effective risk prioritisation and mitigation, whilst at the same time, making maximum use of the limited resources available to them.
To address this need Procertis has developed its Clarity Strategic Risk Management (SRM) Tool, together with its associated process, to help organisations, just like yours, to deliver consistent, repeatable risk management throughout the lifetime of your projects and programmes.
Why Use it?
The Clarity SRM tool is part of the Clarity product range from Procertis. It provides a repeatable framework of trigger questions that probe the key areas of a project’s strategic risk. It rapidly constructs a risk profile, identifying those areas of greatest concern which should form the focus of management attention. The process can be repeated later to monitor progress, reassess the risk profile and refocus attention as necessary. Use of the SRM tool promotes the good habit of risk assessment and risk reduction within your organisation, so that it becomes a “business as usual” activity.
The Clarity SRM tool is quick and easy to use and will rapidly become an indispensable asset in your management toolkit. It’s available for immediate purchase as an electronic download from this website. Accompanying the tool is a risk management process for you to use as a guide through the process.