To continue operating in an ever-more competitive and unpredictable business world, organizations need to get comfortable dealing with all facets of risk analysis.
With so many diverse objectives, you'll put yourself at a real disadvantage if you haven’t identified how certain risks can affect your project. BowTie risk analysis is a great way to help you combat this by highlighting the contributing factors that can trigger an unexpected event.
Whether you’re an existing customer of Safran Software, someone who’s thinking of becoming one, or are simply interested in what we do, let me start by saying: Happy New Year!
Opportunities and threats are often difficult to separate. What poses as an opportunity may become a threat if not correctly handled.
There's nothing better than the feeling of being in control. Whether it's driving a fast car, being in control of your finances, or taking control of your work-life balance, being the master of your own destiny is a feeling like no other.
Oracle Primavera Risk Analysis (OPRA) has been a staple of the project controls community for over 30 years — and for good reason. Nevertheless, we’re regularly contacted by project managers looking to switch from OPRA to Safran Risk.
Whether the aim of your project is to replace your existing processes, integrate innovative technology into your operations, or seamlessly deploy something brand new – you need to hit the ground running. This is because even small disruptions can have major consequences on the lifecycle of a project, resulting in greater risk – especially within complex projects that overlap, have multiple schedules, or are high-stake for your business.
In almost every industry, projects are becoming more complex by the day.
As new technologies emerge and geopolitical shifts impact the trajectory of project planning, organizations are increasingly challenged by new risk types and problems that require greater visibility and consolidation of risk management strategies.
All projects, no matter how meticulously planned, are exposed to the effects of risk. While you may not be able to predict the future with total certainty, there is a framework you can build to mollify any nasty surprises you might face during a project.
Risk management is an integral aspect of project planning. By identifying and analyzing potential shortfalls, project managers can mitigate risks while continuing their project processes full steam ahead.
Risk management software is pivotal to successful project management. However, despite its importance, it can be years before organizations consider upgrading.
But times change, new challenges arise, and risk management professionals must be enabled – through the use of the latest tools – to plan for these new challenges.
