Boost your Productivity with the SoftComply Risk Manager Plus: Transform your Risk Register in Jira

[Marion Lepmets _SoftComply_]

Why Manage Risks in Jira?

Risk Management is an essential governance practice for product, portfolio and project management. For many of us, the Risk Register is still stuck in a MS Excel spreadsheet that someone like the Project Coordinator or the Risk Manager tries to keep updated.

Managing your risks in Jira with the SoftComply Risk Manager Plus app will allow you to automate the risk management process and get rid of possible human-errors, especially while establishing risk traceability.

Why Choose the SoftComply Risk Manager Plus

There is a number of risk apps on Jira Cloud but the SoftComply Risk Manager Plus is the only one that supports managing all the different types of risks in one Jira project.

With the SoftComply Risk Manager Plus app, you can:

• build global Risk Model and Risk Table Templates & assign them to your existing Jira projects for your risk management purposes;
• build 2- or 3-dimensional Risk Matrices;
• build Risk Model for RPN (Risk Prioritization Number);
• customise Risk Models with up to 10 user-defined Risk Characteristics (Severity, Likelihood, Detectability, etc);
• customise Risk Models with up to 10 user-defined Risk Iterations (Initial, Current, Target, etc)
• use several Risk Models in one Jira Project;
• build your custom Multi-Sheet Risk Table for managing all your risks in the same project;
• create an Object Register for risk related data that can easily be used in risk management across your organisation;
• report your risks in Jira Dashboard or in Confluence.

Main Features of the Risk Manager Plus

Risk Manager Plus app provides the risk managers with 4 distinct risk views to work in:

• Risk Models
• Risk Tables
• Object Registers
• Risk Reporting in Jira Dashboards & Confluence Cloud

Risk Models

Risk Model is the central element of risk management, it is the basis on which your risks are assessed.

With the Risk Manager Plus app you can design your own Risk Models. In fact, you can design the templates for Risk Models that anyone in your organisation can use. You can define the type of the Risk Model: Risk Matrix or Risk Score (i.e. RPN – Risk Prioritisation Number), up to 10 Risk Characteristics (i.e. Impact, Likelihood, Detectability, etc) with their levels and descriptions. You can also define the number of times you wish to assess the risks, i.e. Risk Iterations like Initial, Post-Market, Target, etc.

How to Create a Risk Model in the Risk Manager Plus

Unique about Risk Models in the Risk Manager Plus

1. Ability to use multiple Risk Models in one Risk Project – you can assign various Risk Models to one project, preferably to different Jira issue types. This feature supports managing all your risks in one project.
2. With the Risk Manager Plus, a Risk Manager can create global Risk Model templates for the entire organisation to use. Only with sufficient permissions can users create and modify templates for the organisation.

Risk Manager Plus provides full customisability of your Risk Models thereby supporting the majority of Risk Management methods and frameworks that are being used in project, product, enterprise, governance and information security risk management.

Risk Tables

Most Risk Managers have, at some point in their career, used the Excel spreadsheets for risk management. Although Excel is an amazing tool, it was not built for Risk Management (you can read why it does not really manage to do the job here). Because of the risk managers’ familiarity with Excel, we have created a Risk Table in Jira that can be used as the main workspace for managing risks. The Risk Table is fully customisable to fit the exact risk management needs of your organisation.

You can create the Risk Table template that is available for anyone managing risks in your organisation. You have the possibility to create multiple sheets for the Risk Table to support different types of risks to be managed on separate sheets yet in one Jira project. You can add the types of columns to each sheet that you wish, including the risk management fields that correspond to the Risk Models that you want to be used in the project.

How to Create a Risk Table in the Risk Manager Plus app on Jira Cloud

Unique about Risk Tables in the Risk Manager Plus

1. Risk Manager Plus on Jira Cloud is the only risk app that provides users with the Risk Table in which you can manage (not just view) the risks – create, edit, sort, group, filter risks.
2. Risk Manager Plus has a Risk Table where users can create multiple sheets – supporting managing all your different types of risks in the same Table and the same Project.

Users can assign different Risk Model to each Risk Table Sheet thereby assigning various Risk Assessment methods to the same Jira Project for assessing different types of risks.

Object Registers

Object Registers are a brand new feature of the Risk Manager Plus app. Object Registers are central repositories for risk related data that are globally available and centrally controlled like Hazards, Assets or Controls. You can manage these data sets across your organisation while keeping the list continuously up to date. You can use the data sets in your Risk Table when managing risks ensuring consistent risk data input in your projects.

How to Create an Object Register in the Risk Manager Plus app on Jira Cloud

Unique about Object Register in the Risk Manager Plus

Risk Manager Plus on Jira Cloud is the only risk app that has an Object Register feature to support consistent use of organisation-wide risk related data like Assets, Controls, Hazards and Harms.

Risk Reporting

You can report risks in Jira dashboard using Jira filters as well as the SoftComply Risk Manager Plus dashboard gadgets for Risk Table and Risk Matrix.

You can also report your risks in Confluence. That is especially important for all of those companies that may want to add risk matrices and risk table views to product risk reports, the templates for which you may already have created within Confluence. 

Unique about Risk Reporting in the Risk Manager Plus

SoftComply Risk Manager Plus is unique as it has a Risk Reporting extension to Confluence: the SoftComply Risk Manager for Confluence! This is a free extension that displays the Risk Table, the Risk Matrix and the Risk History macros on your Confluence pages.   

Summary

SoftComply Risk Manager Plus is the ultimate risk app on Jira Cloud supporting most risk management methods from Governance to IT Security risk management and everything in between. Using the SoftComply Risk Manager Plus on Jira Cloud significantly speeds up your risk management through automation, especially when it comes to establishing traceability between risks and risk controls and test cases. With the Risk Manager Plus, you can manage all the different types of risks in one Jira project. You can also report risks in different ways – either using the Dashboard gadgets in Jira Dashboards or creating Risk Reporting macros in Confluence.

As with any Jira Cloud app, you can try it out for free for 30 days. SoftComply Support team is happy to help you set up your risk management the way you need in the Risk Manager Plus.

HOW TO LEARN MORE

Schedule your own live demo.

Join SoftComply’s free webinars and live demos on Risk Management that are held regularly.