Online Project Management Software
In search of the right (meaning useful and convenient) online project management software, you can always rely upon a new product of CS Odessa — the ConceptDraw PROJRCT Server one that was developed especially for making it possible to complete all the ongoing tasks within the projects on time, sharing the responsibility among the other executors.
Being an Administrator within the ConceptDraw PROJRCT Server Workspace you can always delegate the authority to other project executors, giving them roles of Project Managers, Resource Managers, Users and Guests. Besides, working as a project manager for some organization, as well as any other manager, you might face lots of problems each day, such as the need of sorting lots of risk related things on a constant basis.
Pic 1. Online Project Management Software
Knowing risk as an uncertain condition or event that, in case it occurs, which has an effect on at least one project objective, you can get prepared to deal with it by making a plan of what to do once you have to solve such problem. Thus, such threat or probability of the quantifiable damage, liability, injury, loss, or any other negative occurrence may be caused by either internal or external vulnerabilities, but it can be easily avoided through the pre-emptive action taken on time.
At the same time, such probability of something that might happen may result in the benefit as well, so taking the risks is an essential part of any business activity. In finance, such possibility may lead to an actual return on an investment that may be lower or higher or the same as the expected return depending on the circumstances that are not always management-related.
No matter what a good and experienced manager you are, there can always appear some of the risks which may lead to either positive, negative or neutral result. In insurance, such situation where the probability of a variable is well-known but the actual value of the occurrence or a mode of occurrence is not. A risk itself is not necessarily and/or completely an uncertainty, a cause of loss, or a hazard, it may also lead to more challenges and so to a larger profit.
In securities trading, any risk can be defined as the probability of a drop or a loss in value. Any trading risk can be divided into two general categories: systematic and non-systematic one. Any systematic risk can affect all the securities in the same class. It is known to be linked to the overall capital-market system, so it cannot be eliminated by any diversification. It can also be called as a “market risk”. At the same time, any non-systematic risk is a risk that is not market-related, known to be also called as a “non-market risk”, “diversifiable risk” or “extra-market risk”.
To prevent any damage that some risk may lead to, it is important to share the responsibility of dealing with the situation that may cause even bigger risk. Thus, being involved in the online project management activity using the ConceptDraw PROJRCT Server software is important to assign the right people to the roles of the Users, Guests, Project Manager as well as the Resource ones.
Please, note that all the Resource Managers can only see the tasks which the resources they manage are assigned to. There are also many other options available to any Resource Manager (RM). For example, they can be invited by Administrator or Project Manager having one or more resources available to them from the list. Although, as it was already mentioned before, Resource Manager cannot view any information regarding project budget and/or costs.
At the same time, the Resource Manager’s capabilities include having an opportunity to change the value of “Complete”, but only for those tasks that are assigned as a resource, to view all the tasks that are assigned to resources, previously selected for him, as well as the entire project in the Gantt page and the Scheduler page within the ConceptDraw PROJRCT Server Workspace.
The stage that goes immediately after completion of the risk assessment phase is known to be consisting of preparing a so-called “Risk Treatment Plan”, which is expected to document the decisions about how each of the identified risks should be dealt with. Any mitigation of the risks may mean a selection of the security controls and it also should be documented in a so-called “Statement of Applicability”, identifying which control objectives and controls from the standard, in particular, have been selected, explaining why.
Any risk management plan is simply a document that any project manager prepares to estimate impacts, define the responses to issues and foresee the risks, containing a risk assessment matrix. Any risk is an uncertain condition or event that, in case it occurs, has a negative or positive effect on some project's objectives. Risk is simply inherent in any project, and all the project managers should assess the risks continually, developing the plans for addressing them.
By the time of the start of any project implementation using the ConceptDraw PROJRCT Server, the risk management plan has to be already prepared, containing an analysis of likely risks with both low and high impact, same as the mitigation strategies in order to help the project avoid the risks and so to prevent the common problems to arise. All the risk management plans should be reviewed by all the members of the project team from time to time in order to avoid having the analysis becoming stale and so to skip the actual potential project risks.
The most important in the risk management plan is a risk strategy itself, developed in order to prevent the risks or to deal with them on time. There are known to be four potential strategies, known to be having the numerous variations. Thus, the project managers may choose to avoid risks, meaning to change the plans to circumvent the problems, to control or to mitigate risk resulting in the reduced impact or likelihood through some intermediate steps or take some other actions.