Week 4 Benchmark - IT Project, using Software to Manage Risks

490 WK4 Benchmark - IT Project, using Software to Manage Risks

Benchmark - IT Project, using Software to Manage Risks

Most organizations use software to create, update, and distribute information in their risk registers. The risk register is often a simple Microsoft Word or Excel file, but it can also be part of a more sophisticated database. Spreadsheets can aid in tracking and quantifying risks, preparing charts and graphs, and performing sensitivity analysis. Software can be used to create decision trees and estimate expected monetary value.

Create a 7- to 10-slide digital presentation on risk management software for your specific project. Address the following:

1. What products are available?

2. What are the main advantages of using them in managing projects?

3. What are the main disadvantages?

4. How will your selected product help select strategies to resolve various issues, including conflict management, resource challenges, and change management?

Be sure to include speaker notes to discuss your research findings, and include a reference slide with at least three resources.