Monitoring and Control Project with Enterprise Risk Management App

Ease Project Risk Monitoring and Control with Foresight

Foresight is an enterprise risk management application integrated with Zoho Project management to deal with risk assessment (RA) and evaluation, risk mitigation, risk monitoring, and bridging communication gaps.

Every business requires strategic planning to deal with departmental interdependencies, prevent losses due to unwarranted errors and communication gaps.

The Foresight app simulates the commercial risks using Monte Carlo simulation. It integrates with Zoho Projects, a cloud-based project management tool to automate tracking the commercial risks or hazards by turning them into issues or tasks in Zoho Projects.

Zoho Projects provides detailed, easily understandable dashboards, reports, and charts that systematically help eliminate risks with its project management. Through Gantt charts and Kanban views, you get a complete, organized, and automated risk management system linked with Foresight.

Foresight Apps Key Features Includes:

Straightforward Entry of Detected Risks in Zoho Projects

The Foresight integration with Zoho Projects allows multiple users to make entries of the risks. The entries, including one to three, identified controls to tackle the issue, the reporter and the owner, the status, estimate basis, category, date of the risk realized, the low, high or likely — probability-based risk value, deterministic value, and iterations for Monte Carlo simulation.

Foresight Database Linked to Zoho Projects and Microsoft Project

Every mitigating risk control identified in Foresight is stored. Once the Monte Carlo simulation runs, the Foresight database linked on the cloud detects the realized risk, and it gets automatically reflected as a task in Zoho Projects.

Effective Zoho Projects Reporting

Using the Monte Carlo simulations, you can access risk in quantitative analysis and represent the probability of the risk occurrence with histograms, tornado plots for sensitive analysis that highlights the influence of the entire commercial risk.

Foresight Enterprise Dashboard

The Foresight app itself has a detail-oriented enterprise dashboard with summaries from the Monte Carlo simulations. The Monte Carlo simulations give output based on Deterministic Value, P10, P50, P90, number of Risks, closed risks, realized risks, Histogram and Tornado Plots, Pie Chart for risks categories and risk owners.

How Do We Work with Foresight Integrated with Zoho Projects?

With the expertise that we have in building customizations into an existing system to extend its capabilities, we bring in CPAs (Certified Public Accountants) who have worked on your industry and introduce the variables that affect the risk assessment management with the Foresight Enterprise Risk Management tool (ERM tool), integrations into different data sources if required and more.

Why Choose Infomaze for Your Enterprise Risk Management App?

We have vast experience in expanding the functionality of an application with integrations and customizations without affecting everyday business.

While we retain the same user interface, we provide user-friendly improvisation in Foresight’s risk management app, integrated with Zoho Projects.

As Zoho Authorized Partners, we can customize Zoho Projects to align better with the workflow and get timely, latest updates of the detected risks and better automation.

We have the resources, including CPAs, expert developers, and a highly coordinated project team with industrial expertise in providing customizations based on the best industry practices.

Our expert team understands the workflow breakdown structure, the risks involved in every department and bridges gaps for efficient risk management and project management app system.

We bridge the inter-departmental gaps with thorough RA (Risk Assessment); we help you effectively visualize the dependencies to mitigate losses from commercial risks through the ERM app with better risk reporting features.

Any queries that you may have or assistance required, our developers are available 24x7 to tackle any immediate issue that might come up in your Foresight Enterprise Risk Management app for Zoho Projects.

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Source: Foresight, A Risk Management App with Zoho Projects

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