Project Risk Management

BLC provides complete suite of project risk analysis and project risk management software in one seamless package that is easy to use, integrates with all popular scheduling and planning tools, covers the complete risk life cycle, all at market leading price. Project Risk management is the identification, assessment, and prioritization of risks followed by coordinated and economical application of resources to minimize, monitor, and control the probability and/or impact of unfortunate events or to maximize the realization of opportunities.

Fully Interactive Reports

Static reports quickly become dated and are easily ignored. Turn your business into a data-driven enterprise with interactive BI dashboards that update automatically. Access reports directly from your web browser, or use email alerts and PDF exports to spread the word.

Complex Data – Easy Reporting

Connect to your data sources in a click, create a drag-and-drop data model and immediately start building customer-facing, HTML5 dashboards and reports. Add your own branding and customizations independently or with the help of our dedicated customer success team. Building and sharing dashboards is always a breeze.

RiskyProject Risk Management Software

RiskyProject software facilitates all steps of the project risk management process: risk identification, analysis, mitigation and response planning, and risk communication. RiskyProject performs both qualitative and quantitative project risk analysis and includes schedule and cost risk analysis using Monte Carlo simulations. RiskyProject’s risk register covers the entire risk life cycle for project, program or portfolio risks: threats, opportunities, issues, and lessons learned with their properties. Risks can be assigned to project tasks and resources. The risks can impact not only project schedule and cost, but also performance, safety, security, and other risk categories. You can create and assign risk mitigation and response plans to any risks.

Project Risk Management Software: Risk Matrix with Mitigation

Project Risk Management Software: Risk Mitigation Waterfall Chart

Risk Assessment Software Modules:

Enterprise Composite Risk Assessment Plan

Your world involves both products and functional business areas. So should your Enterprise risk assessment plan. Enterprise risk assessment organizes the results of all composite risk assessment to create a bottom-up view of threats and related controls.

Customer Information Risk Assessment

You must safeguard private information. The urgency to protect your customer’s privacy has never been greater. A breach of private information can threaten
daily operations, break customer trust and invite expensive legal action.

Regulatory Compliance Risk Assessment

You can't afford not to comply. Customers rely on you to protect their assets. Regulations exist to protect your institution and your customers. Non-compliance is expensive because it diverts attention from normal operations, increases regulatory scrutiny, invites legal action, and in the end costs your customers.

The Show Stoppers

A High Attrition in Project Teams

Most Code Factories are infested with the menace of high attrition rates; the reasons for each one of them being different. These rates could be as high as 45% and at times even higher, in other words, half of the project team changes before end of a yearlong project. This phenomenon is higher in the junior staff(the programmers) which contributes nearly 80% of the work force of a Code Factory.

High attrition rates will have a impact on the quality of code produced as significant project-time is lost in training of fresh resources for the project. The seriousness of this impact is even more devastating for the project when the KT Process is not laid out effectively in the Service Provider Organization and hence lost with every leaving employee(unfortunately this is the most neglected process area in most organizations).

Our Differentiator

We do not have any programmers in our organization, 90% of our workforce is over 10 years of experience in IT Product Development. Our unique models ensure that all project knowledge is retained within BLC and Attrition Risk in vendor organization is Hedged. The project knowledge is never lost as the KT processes are enforced & monitored by our Program Managers.

We don't care who changes on the Project Team as long as we are not paying for re-training and there are no Project Slippages!!

B Intellectual Rights Protection

IP security has been a constant cause of concern for organizations outsourcing products to technology service vendors. Issue with most of the vendors is not the ‘will’ but it is the exposure and knowledge required to stop IPR pilferage. This is especially true for the small and mid-size software service providers.

Most of the organizations concentrate on the processes to control the development process but overlook the security aspects when it comes to protection of the IPR of the client. The Organizations neither have the processes nor the process know how to offer such protection to the client code. It has been noted that 70% of such threats are internal in nature and done by people who do not understand the implications of such pilferages.

Our Differentiator

Having worked with large size organizations and with sensitive projects, we have acquired the process knowledge and exposure to tools required to stem IPR pilferage. More importantly this is one of our differentiators. Depending on the sensitivity of the project and/or on client requests appropriate processes are set into place to ensure that the IPR security is not compromised. The project teams of our service providers are co-located within our premises for the project duration or they work on our virtual machines. in either case, they will have access to only that code-base on which they are currently working, hence access to entire code is restricted.

I need to ensure that the IPR developed by the service provider stays with me and is never misused.

C Quality of Work

Quality of a Product Delivery is not defined just by ‘the code works’, it goes much beyond that. Is the Code as per Industry Standards? Is the inline code document sufficient for product maintenance staff? Is the Code maintainable? Is the Product/Project extensible? There are several such questions that need to be answered when we talk about the Quality of Code. It is always very important that a proper specifications have been drawn before we walk into the development phases of the project cycle.

It has been seen that some service providers would not follow industry coding standards both on architecture and on Documentation standards. This is often done to save time and make additional margins while making software project deliveries. Our view is that this is a thought of companies with short-term vision, they are not into long-term-relation building with the client.

The answer to this issue lies in our Product Delivery Architecture. At BLC, we design the solution, finalize the documentation and coding standards and then monitor the project to completion. Industry standard coding guidelines are given to the partners and strictly enforced. The client will never have to dig into the code as it is always vetted by us before the delivery. We do not have any vested interests in giving sub standard code to our clients, our only interest is in getting repeate projects from our clients and that can only be achieved through International Quality Deliveries to our clients.

We need deliveries that work for us, not just today, but also as we expand our business.