Risk Management

The smenso project software offers a comprehensive solution for risk management in projects. With smenso, project teams can systematically record risks, assess them, and take effective measures to mitigate them. This specification describes smenso’s wide range of risk management features.

Recording and assessing risks

smenso enables users to record and assess risks in detail. Various factors are taken into account, including probability of occurrence, impact, and risk costs. Through structured recording and assessment, users gain a solid understanding of the potential effects of risks on the project.

Risk scoring and interpretation

Based on the evaluations of the risk factors, smenso calculates a risk score for each recorded risk. This score places the risk into the categories low, medium, or high, enabling quick and simple evaluation. Graphical analyses in the form of tables and bubble charts visualize the risk data, simplifying interpretation and providing decision-makers with relevant information quickly.

Risk mitigation through measures

smenso supports users in developing and implementing measures to mitigate risks. By defining and tracking actions, risks can be actively reduced and controlled to minimize potential negative impacts on the project. The software provides a clear overview of the measures taken and their progress to ensure effective risk control.

Global risk catalog and knowledge management

A global risk catalog allows new projects to be seeded with already identified risks from other projects. This makes it possible to leverage best practices and experiences from past projects and simplifies getting started with risk management. Even less experienced users can effectively perform risk management and benefit from the organization’s expertise.

Portfolio risk management

smenso enables organizations to manage risks not only at the project level but also at the enterprise level. This feature makes it possible to identify, assess, and control risks across the entire portfolio. This provides a holistic view of organizational risks and supports risk management at a strategic level.

The smenso project software provides a powerful solution for risk management in projects and at the enterprise level. With its extensive capabilities for recording, assessing, and mitigating risks, as well as the integration of global risk catalogs, smenso simplifies risk management and helps ensure project success and organizational performance.