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Risk Management

Risk Management

Risks are a part of every construction and real estate project – what matters is how you deal with them. Unexpected events such as construction delays, price increases, or contractual risks can significantly jeopardize a project. That’s why it’s all the more important for us to offer you a suitable solution with our new module.
Risk Management in the Portfolio Overview

Highlights

  • Early risk detection
  • Targeted countermeasures
  • Complete transparency
  • Comprehensive risk reports
  • Fully integrated into COOR

Feature Details

Risk Recording

In COOR Risk Management, all risks are centrally recorded using a clear and structured input form. You can document the risk title, a detailed description, and identification data. A template system and Excel imports are also available to streamline data entry.

Risks and Opportunities

You can systematically record and assess both risks and opportunities. For each, you can define the probability of occurrence, potential impact, and appropriate mitigation measures. This not only minimizes threats but also allows you to actively manage opportunities to maximize project success.

Categorization and Assessment

To better prioritize risks, they can be categorized using predefined or custom categories. Each risk is then assessed based on its probability and potential impact. The system automatically calculates a risk score and displays the status visually using a traffic light color system.

Measures, Tasks, and Documentation

Each risk can have specific countermeasures and supporting documentation assigned. Responsibilities and deadlines can be set, and the status of each measure tracked. Tasks can be generated automatically or manually and assigned to the relevant project stakeholders.

Early Warning System and Automations

Automatic e-mail notifications, escalations, and workflows help you respond promptly to critical risk developments. Early warning mechanisms ensure risks are detected in time and that appropriate actions are initiated before they seriously endanger the project.

Reports and Dashboards

With just a few clicks, you can create comprehensive risk reports, risk matrices, or portfolio overviews. These are ideal for management reports, audits, or external steering committees. Standardized templates save time and provide meaningful insights at the push of a button – always up-to-date, complete, and easy to understand.

Seamless Integration

COOR Risk Management is fully integrated into COOR. Risks are directly available in projects, dashboards, and reports. This ensures you maintain a clear overview even in large projects and portfolios and manage risks efficiently within the context of overall project control.