Risk Management Tools
Looking to automate the management of project risks? Try our free demo below.
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| Our Risk Assessment dashboard captures and displays a risk’s probability. Keeping a careful eye on this indicator shows you when to kick your contingency plan into gear. | Our Risk Impact dashboard displays the likely impact of a particular project risk. A sharp focus on this dashboard provides you with a more discrete look into a project’s operational risks and their severity. Combined with our hybrid PaR analytics, the Risk Impact dashboard provides a quick-look into a company’s total project risk exposure. |
Common Questions About Range Forward?
What is a Range Forward hedge? A Range Forward limits your project’s risk exposure to a specific, locked-in tolerance range. This strategy provides your project with unlimited protection against risk downside while providing for frequent participation in risk upside.
What is a Prediction Market? A Prediction Market is a speculative market created to capture the “wisdom of the crowd”. From predicting who will win a political race to what team will win the World Series, participants in a prediction market forecast risk based on the accuracy of their unique perspective.
What is Trigger Chain? Trigger Chain is a disciplined, analytical approach to monitoring and responding to risks.
What is PaR? Project at Risk and Conditional Project at Risk are EdWel-developed project risk metrics with three components: a time period, a confidence level, and a loss/gain percentage. Unique to EdWel, the PaR and CPaR metrics answer the two questions: How much risk are we carrying and what is the worst-case scenario?
