Risk & Opportunity Register across Procurement Workflows

Our cloud based predictive risk & opportunity management module adds immense benefits and efficiencies to an essential process. We provide real-time dashboard visibility of each bid and/or project, throughout all bid and delivery stages, including appointment and feedback post-delivery. Digital collaboration leads to easy allocation and management of identified actions ensuring progress is assessed and analysed. It becomes possible to check whether your team priced for all risks and see if the delivery team exploited all opportunities.

Equally the ability to extend dashboards to clients and along the supply-chain means you can easily share all identified risks and opportunities which provides insights of real-time liabilities for all risks. Parties may then choose to transfer/balance the risk at a price to other parties, allowing real-time tracking.
As timing of the transfer will be significant, early mitigation and allocation may reduce the cost, which is a critical element in the bidding process. The real time dashboard metrics provides predictive Risk Scores and Risk Opportunity Scores which also help essential early GO /NO GO decisions.

Features

  • All types of Risks can be easily identified in a clear real time dashboard throughout the entire Bid Development period.
  • Built in reports for more complex bids provide a detailed Risk Register.
  • Allocations of responsibility for resolving or mitigating these risks can be allocated early on within the bid period, so that they can be closed out appropriately.
  • Progress on managing risks can be monitored by the Bid Leader and recorded on the Bid management tool.
  • Provides real time 24 access to this information as required.
  • Reduces the degree of uncertainty by identifying the risks, quantifying them and assigning a lead person to coordinate the mitigation plan.
  • Risk register automatically costed and shows any time delays.
  • Selected elements of the automatically developed report can be shared with the Client's project manager to ensure these are conducted.
  • Sharing information can be via dashboard access.

Benefits

  • Alleviates concerns over inadequate Risk Reviews.
  • Provides clear allocation of risk at contract formation.
  • All risks clearly assigned to liable parties in the contract.
  • Client's retained risk allowance clearly visible.
  • Delivers full cost PREDICTABILITY.
  • Every user sees their actions and activities on their smart phones.
  • Post delivery analytics to help assess if risks properly costed at bid stage with built in lessons learnt to mitigate risks in the future.
  • Enables ethos of Predictable outcome.