You want IT Projects
On time. On budget. Fully functional
The key is managing risk

Even the most determined project teams can fall short if they do not manage risks. ColabPro Project Risk Assessment uniquely combines IT best practice know-how with proven financial risk management techniques. Our impartial evaluation delivers unprecedented transparency, accountability and alignment across all your project stakeholders.

We drive project success and business results by addressing your key concerns:

  • Why do projects fail and what can be done to ensure the success of this project
  • How can this project bring more value
  • Are all stakeholders in the project aligned and performing as expected

“The ColabPro Project Risk Assessment program provides an impartial evaluation of project risk areas involving all participants of the project and focuses on the project fundamentals. I have seen firsthand the significant value that the overall program brings to our technology initiatives. This program is very supportive and complementary of both existing project management and software-development objectives and goals.”

 

Colabpro Project Risk Assessment Provides

  • Objective, cross-functional assessment of project design and delivery
  • Quantification of project elements based on risk-adjusted ROI
  • Portfolio approach to project risk management

Benefits to Client and Projects

  • Transparency and visibility across IT, Finance, Business, and vendor(s)
  • Prioritization of effort and resources in line with business goals
  • Collaboration and accountability among all project stakeholders
  • Robust tracking and assessment of stakeholder performance

 

ColabPro Project Risk Assessment at work – Client Examples

Aligning project plan with business priorities
We identified through interviews with the business owner that a piece of functionality was time critical for a Fortune 50 client. The piece was moved up in the project plan, mitigating the risk that missing functionality could jeopardize the Fortune 50 account.

Ensuring all costs are considered
We found that the budgeted allocation to IT did not include all costs relating to infrastructure tasks. Additional funds were provided to IT, preventing unanticipated overruns in the last minute

Taking measures against risks appropriately
We discovered that a single SOW covered two loosely related projects with very different risk characteristics. The project was split in two, and the higher risk project received greater attention and resources.

Prioritizing wisely and with costs in mind
When a business owner insisted that a project deadline was immovable, our assessment team required the owner to quantify the cost of delay so that this cost could be priced into the project and charged to the owner’s P&L. The business owner agreed that the project could tolerate two-weeks’ slippage from deadline without generating business-related losses. IT was able to allocate scarce resources in accordance with financial priorities.

Understanding what it takes and staying on time
We noted that a project plan to transition from a SaaS subscription to an in-house application left inadequate time for final acceptance testing / QA, and delays are inevitable. We suggested to the business owner to either: (i) increase project budget so additional resources could complete the project faster; or (ii) identify which features/ functions could be pruned so project could finish earlier.
The business owner chose to increase project budget to accelerate development, thereby creating time necessary for final testing and QA. Without our recommendation, the project would have been a waste. Late delivery would have forced the client to renew the SaaS subscription for another year.