Radar charts to assess risk levels
Reporting on risks is a key management requirement.
RiskOrganizer generates reports that fall under 2 broad headings. Those that focus on the specific risks and those that focus on the risk management process.
A recently developed management report is the Radar Chart. This shows the initial and current risk rating so that the reduction in risks over time is clearly evident.
Contractors find this useful to see whether risk levels have reached an acceptable level during the tender period and prior to entering into a contract. The radar report is founded on the Risk Breakdown Structure.