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Calculate Risk Accurately and Timely

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Identify, assess, and mitigate risks for a smooth and shorter project journey.

Call Our Risk Management Analysts Download Our Whitepaper & Do It Yourself
Available for:

Risks Without

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Project Failure

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Project Delays

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Budget Overruns

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Quality Issues

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Reputation Damage

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Leverage the Power of and

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Risk Identification

Collaborative Risk Identification: Utilize TeamTrace's collaborative features to brainstorm and identify potential risks.

Risk Checklists: Leverage pre-built checklists to systematically identify common risks.

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Risk Assessment

Quantitative and Qualitative Analysis: Assign probability and impact scores to each risk using TeamTrace's built-in tools.

Customizable Risk Matrix: Create a 5x5 risk matrix within TeamTrace to visually assess and prioritize risks.

Risk Scoring and Prioritization: Assign probability and impact scores to each risk, and automatically calculate the overall risk severity.

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Risk Response Planning

Mitigation Strategies: Develop and implement strategies to reduce the likelihood or impact of identified risks.

Contingency Planning: Create contingency plans to address unexpected events

Action Plans: Assign responsibilities and deadlines for risk mitigation and contingency actions.

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Risk Tracking and Monitoring

Real-time Tracking: Monitor the status of risks and mitigation plans in real-time.

Visual Dashboards: Visualize critical information to gain insights and make informed decisions.

Automated Alerts: Receive timely notifications for critical risks and link action and documents accordingly.

Risk Tracing: Get complete traceability to pinpoint causes.

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Reporting and Analysis

Generate comprehensive reports: Track the effectiveness of risk management strategies.

Identify trends: Analyze historical risk data to improve future risk management practices.

Share insights: Communicate risk information to stakeholders and decision-makers.

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Get Features Like

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    Risk Category: Classify risks by type (e.g., technical, financial, operational)
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    Probability: Assess the likelihood of a risk occurring
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    Impact: Evaluate the potential impact of a risk on the project
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    Severity: Prioritize risks based on their combined probability and impact
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    Risk Response: Define mitigation, contingency, or acceptance strategies
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    Trigger: Identify early warning signs or indicators of a potential risk
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    Status: Track the current status of each risk (open, closed, mitigated, and more)
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    Notification: Whether risks are added, removed or updated get notified by email
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    Risk Owner: Assign responsibility for managing and mitigating it
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    Action Owner: Specify who is responsible for taking action on the risk
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    Mitigation Plan: Detail the steps to be taken to mitigate the risk 
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    Contingency Plan: Outline alternative plans in case the primary mitigation strategy fails
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    Action Due Date: Set deadlines for completing risk mitigation actions

Identify Risks Early, Mitigate Proactively

Identify, assess, and mitigate risks for a smooth and shorter project journey.

Get Started Today

TeamTrace Desktop App

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  • Increased project success rates through proactive risk identification and mitigation.
  • Improved team communication and collaboration during risk assessment and planning.
  • Enhanced transparency and accountability with clear action plans and ownership.
  • Simplified risk tracking and monitoring with visual dashboards and task management tools.
  • Data-driven decision-making to optimize risk response strategies.

Empowering Every Role with

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Clients

  • Anticipate and adjust for risks early, ensuring consistent timelines.
  • Track financial risks to prevent unplanned costs and stay on budget.
  • Ensure high project quality through proactive risk mitigation, enhancing satisfaction.
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Project Managers

  • Improve project outcomes with clear visibility into risks and mitigation strategies.
  • Make informed, data-driven decisions that positively impact project success.
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Finance Department

  • Oversee budgets and track financial risks to prevent overspending.
  • Adjust forecasts and manage expenses in real-time.
  • Support better investment choices with enhanced risk visibility.
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Risk Managers

  • Streamline compliance and risk processes.
  • Prioritize risks and allocate resources more effectively.
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Team Members

  • Actively contributes to risk identification and mitigation.
  • Stay updated on risks and understand their impact on timelines and budgets.
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Executives

  • Make strategic investment and resource decisions with a clear risk overview.
  • Understand the organization's overall risk profile.
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HR

  • Mitigate legal risks by monitoring policy adherence and labor law compliance.
  • Address risks impacting employee satisfaction and retention for better engagement.
  • Assess skill gaps for timely hiring and training.

Take Control of Project Risks Today

Don’t wait for risks to become setbacks!

Ready to safeguard your project?

Start Your Free 14-Day Trial Schedule a Demo with Our Team