Project Risk Management

According to DIN 69901, a project is characterized by its uniqueness in terms of time, money and personnel. This results in uncertainties with regard to the achievement of objectives in terms of time and content, budget adherence and the general feasibility of the project.

The only way to minimize these risks is to manage project constraints such as research and baseline identification, project organization or financing with reserves .

Project Risk Management with CRISAM®

For the evaluation of these qualitative success factors, CRISAM® provides its own content library, which can be used to identify resulting risks in the project and necessary measures for risk reduction. CRISAM® builds monetary evaluations of project controlling or project risk management on the business plan on which the project is based. Project controlling accompanies the business budget planning throughout all project phases.

Each phase from the pre-project phase, planning and implementation phase to acceptance, warranty and guarantee has its own risk profile, which is stored in CRISAM® in the individual time intervals.

From the best- and worst-case analyses of the project opportunities and risks, decisions for the further project progress can be derived by the project management or the project client, as well as an amortization calculation for a best- and worst-case scenario.