Risk assessment: Have you ever wondered what risk is? What does this risk indicate? Well, risk is a situation that can have an impact on a goal or a plan. The impact is not necessarily negative, in fact it can be positive. In this case, risk can be used as an advantage. In fact, the ability to assess a risk in advance provides the ability to complete a project without unexpected problems.
The assessment of a risk is qualitative or quantitative.
- Qualitative is the assessment made based on the probability of risks occurring in the future.
- Quantitative is the detailed analysis of numbers, regarding the main risks identified during the qualitative assessment.
Below we will look at some of the risk management tools that exist. With them, a business can easily deal with a potential risk.
This is Inflectra's flagship application . Its latest version combines test management and bug tracking. It has a complete set of features for program, resource and risk management. SpiraPlan has built-in support for risk mitigation activities. It also allows you to create risk reports in HTML, MS-Word, MS-Excel, PDF and XML formats.
It contains a web-based UI, which records and manages the risk of a project. It creates user-friendly products and has very good customer support. In addition, A1 Tracker also supports sending the risk by email to key people or stakeholders in need. On the other hand, software is quite difficult.
Risk Management Studio is ISO 27001 certified and because of that the threat library is truly huge. Installation is easy and free upgrades/customer support come with the annual package. Learning RM Studio is easy.
Isometrix is a cloud-based application and targets large and medium-sized enterprises. It is suitable for food, metallurgy, civil and construction industries, etc. It offers various solutions in food safety, occupational health, business, environmental sustainability, etc. According to statistics, Isometrix is one of the best risk management applications available on the market today.
Active Risk Manager or ARM is a web application developed by Sword Active Desk that helps in recording and assessing risks. It also has a dashboard, which gives a snapshot of various data on one screen. It is used worldwide by many leading companies such as Airbus, NASA, GE Oil and Gas etc.
