Deltek's WelcomRisk is a web-based qualitative risk management tool that provides a structured environment for proactive planning and management of project and organizational risks.

WelcomRisk was designed to follow the Project Management Institute's Project Risk Management process as defined in the 2004 Project Management Body of Knowledge (PMBOK):

• Risk Planning
• Risk Identification
• Qualitative Risk Analysis
• Quantitative Risk Analysis
• Risk Response Development
• Risk Control.

WelcomRisk can help risk managers and team managers in your organization:

• Create a risk-planning framework, and build a Risk Library containing standard organizational risk categories, impact types, and thresholds;
• Produce a comprehensive project risk register that documents identification, characteristics, status, and responses to risks;
• Mitigate risks, including proactively plan response strategies, map out mitigation steps, and delegate responsibilities; and
• Report on organizational and project risks throughout the project life.

Data Sheet: WelcomRisk

Overview: WelcomRisk