With built-in support for risk Audit trails, SpiraPlan is ideal for teams who need to maintain a validated system with risk workflow operations including electronic signatures. The platform lets users analyze and categorize risk based on parameters such as Probability, Impact, and Exposure. In SpiraPlan, the risk is a separate artifact type with its own types (business, technical, schedule, etc.), attributes, and workflows. ![]() With SpiraPlan, teams can access risks from a centralized hub – a module for identifying risks, controlling deficiencies, determining responses, and developing steps that can be tracked to closure. This all-in-one solution combines test management, bug tracking, and requirements traceability, with a full set of features for program and portfolio management, release planning, resource, and risk management. Now in its 6th version, SpiraPlan helps users align strategic objectives with key risk management techniques and helps monitor risk within the enterprise. SpiraPlan is Inflectra’s flagship Enterprise Program Management platform that focuses on risk management for organizations of all sizes and from all industries. We have compared the top free and commercial risk assessment and risk management tools in the market. The tools which handle these, are called Risk Management Tools and here in this topic, we present you the review of the top 10 Risk management tools These all can be handled in a tool presently. If they occur in real time, corrective/necessary actions have to be taken. Once the assessment is completed, the risks are then registered in the system and then monitored throughout the project span. The top risks from the Qualitative assessments are picked and then the assessment is done on them in terms of Cost, Schedule based hits etc. Quantitative analysis is a detailed amount/number based analysis on the top risks found during the Qualitative assessment. The probability can be obtained by various methods such as SWOT analysis, Historical data analysis, Discussion among peers etc. This is an assessment which is done on the basis of the probability of occurrence of risks in the future. The assessment of a risk can either be done Qualitatively or Quantitatively. ![]() Assessing Risks up front gives us an upper hand in running the project flawlessly by eradicating all the uncertain surprises that may happen in the later phase of the project. The point where the impact is positive, the risk has to be used as an advantage.
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