Project Risk Management Software

Riskonnect’s project risk management software helps you effectively manage project risks to keep projects on track for successful completion.

View risk from the project level up through the enterprise. See risk from every perspective – including the relationships between risks – to make more effective decisions.

Keep your projects on budget and on schedule. Understand the upstream and downstream impacts of project risks to prioritize risk-mitigation activities.

Intercept small problems before they become expensive disruptions. Forecast impacts and manage resources across projects and programs to address threats as they emerge.

Project Risk Management

Product Highlights

  • Bowtie Cause-and-Effect
    Analysis
    Expand your risk view to prepare for deeper analysis of key events, which helps identify critical controls.
  • Dashboards
    Communicate the status of risks and other key indicators – including customizable KRIs and KPIs – quickly and effectively.
  • Heat Maps
    Present leaders with a meaningful visualization of your assessed risks to intelligently prioritize actions.
  • Risk
    Registers
    See risks across projects, programs, and portfolios – and quickly aggregate the data using custom filters.
  • Schedule and Cost
    Impact Analysis
    Remove uncertainty from projects with powerful risk cost and schedule Monte Carlo risk analyses.
  • Risk
    Assessments
    Collect critical business threat information – with lightning fast, automated tools, -- to make the best resource and process decisions.
  • Risk Analytics
    and Insights
    Easily customize reporting and dashboards to tell your story and inform decisions.

ERM Demo Video

Elbit America

ARM has matured our risk management program by making sure that the practitioners know it can give them analytics with which to take proactive actions to mitigate risks or exploit opportunities. It has also allowed our leadership to have business intelligence information so that they can understand what an individual program’s risks or opportunities may be doing to their overall portfolio.”

Steve Lundquist, Elbit America

Los Alamos National Laboratory

The single, best feature that Active Risk Manager brings to me as a manager is its single source of truth and the ability to propagate that across the organization very quickly and very efficiently without having to do multiple transfers and data loads.”

Drew Slaton, Director of Risk Management for the U.S. Nuclear Weapons Program, Los Alamos National Laboratory

Transport for London

Riskonnect has enabled a culture of risk thinking that wasn’t there before. The organization now sees risk management as a value-add, not just a box-ticking exercise.”

Ajay Patel, Head of Risks – Projects and Programmes, Transport for London

Windsor-Detroit Bridge Authority 

My favorite capability with ARM is filtering. When I’m in meetings, I can pull something up and help people think of something that they’re not thinking of. And I love the reporting. Once we have a custom report built, it can be run in under a minute. I like being able to do that part of my job very quickly and making everyone else’s lives easier.”

Sam Crebolder, Manager, Project Controls, Windsor-Detroit Bridge Authority

U.S. Army 

ARM is helpful throughout the whole lifecycle, from the risk identification level all the way up to the PEO MS leadership level.”

Tara Williams, Risk Management Database Administrator, U.S. Army

Ranstad
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US-Army-Logo

Understand the Big-Picture Context of

What’s Happening on the Ground

If you only view individual risks to each project, how are you supposed to see important connections between risks that impact multiple projects – or roll up critical risk data into a board report? Riskonnect’s project risk management software helps you understand risk at the project, program, and enterprise levels.

  • Use the same risk register to seamlessly manage risk from project to enterprise level.
  • Identify emerging risks and trends across projects.
  • Easily collaborate on decisions to ensure that project goals are met on schedule and on budget.
  • Show collaborators relevant information based on security controls, not necessarily every data point.

Get the Most Out of
Limited Resources

How much should you set aside for contingencies? Riskonnect’s project risk management software uses sophisticated analytical tools to help you confidently predict project costs, time frame, and variability.

  • Capture data from construction managers, engineers, and other non-risk professionals with an interface designed to be intuitive enough for anyone to use.
  • Optimize resource allocation to ensure your contingency fund provides a reasonable cushion without wasting resources.
  • Understand how risk affects the bottom line so your money can be effectively budgeted.

Stay on Track for

Successful Completion

Feeling the pressure to meet strict specifications on schedule and budget? Riskonnect’s project risk management software automates every step of the risk lifecycle to help you proactively manage risks and successfully complete projects.

  • Streamline administrative tasks and easily make configuration changes like adding scoring schemes, modifying the folder structure, and creating new record options.
  • Use API integrations to seamlessly connect your risk data with other systems, including data warehouses and visualization tools.
  • Adjust project schedules based on risk data to minimize unanticipated costs and schedule slippage.
  • Maintain a library of past risk experience data and lessons learned to guide future projects.

Meet Special
Industry Requirements

Riskonnect’s project risk management software offers both secure cloud hosting and on-premises configurations to meet the exact hosting and security requirements of certain industries.

  • Standard frameworks – including ISO 31000, COSO, PMBOK, GAO
  • Industry frameworks – including DOD RIO guide, OMB A-123, OMB A-11, FAA risk management policy

Get Started with These Helpful Resources

EBOOK
Seven Risk Management
Habits for Successful Projects
What makes one project successful and another fail? The answer often lies in the way project risks are managed. This ebook dives into seven habits for managing risk that will help your projects stay on track for successful completion.
CALCULATOR
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Risk Manager ROI Calculator
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Expand Your Project Risk Management Program

with Other Riskonnect Solutions

Enterprise
Risk Management
Combine insurable and noninsurable risks so you can anticipate, assess, mitigate, and monitor every threat from every corner of the organization.
Third-Party
Risk Management
Collect all vendor information – including agreements, contracts, policies, and access credentials – into one place to efficiently monitor suppliers throughout the entire relationship.
Business Continuity
& Resilience
Prepare for threats and minimize disruption to operations.

Start anywhere. Expand everywhere.

Industry Recognition for Riskonnect

Redhand Advisors Forrester Wheelhouse Advisor

Start partnering with Riskonnect today.
Find out how Riskonnect can transform the way you view risk.

Quick Answers to Your Project Risk Management Software Questions

Project risk management software is a platform to manage risks to keep projects on schedule and on budget. It offers sophisticated analytics to predict project costs, contingencies, time frame, and variability. The software saves time and money by optimizing resources and fostering collaboration. And it makes it easy to see connections between risks that impact multiple projects and roll that data up for an enterprise view.

Project risk management software offers a variety of applications – like bowtie cause-and-effect analysis, job safety analysis, risk assessments, and schedule and cost impact analysis – to help you optimize resources and make more effective decisions.

The answer to this question depends on the number, size, and complexity of your projects. Companies with a limited number of smaller projects might find spreadsheets a perfectly adequate tool. As the number and size of projects grows, however, so does the amount of data and insight needed to effectively manage those risks.

You will likely benefit from project management technology if you have numerous complex projects or are struggling to keep your projects on track. Project risk management software helps you understand the upstream and downstream impacts of risks so you can understand risk at every level to successfully complete projects.

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Riskonnect’s flexible model allows you to start anywhere and go everywhere. You can build a solution that fits your needs today – and easily add and upgrade as your business grows and changes.

Riskonnect is designed to seamlessly connect data from multiple sources inside and outside your organization. We also offer APIs (application programming interface) to easily import and export data and out-of-the-box integrations with specialized partners to help you get the most from your data as efficiently as possible.

Pricing depends on the size and complexity of the project and how much customization you require. We offer three industry-leading implementation options at different price points to fit your budget, while achieving your business objectives as quickly as possible.