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Risk Management System


About Customer

Customer is an engineering consultant firm based in Australia. Customer’s core business is to provide services in real estate sector and property development industry. Customer designs sustainable engineering projects for various industries including health, retail, sports and arts.

Challenge

Customer noticed that risks are normally overlooked during project execution. This approach results in project failure if risks are not managed appropriately. Customer faced this hurdle in managing risks arising due to climate changes in Australia. Customer needed the projects to remain unaffected and secured from these types of risks.

Customer realized the need to develop an application for providing effective risk management during project implementation. Customer needed a system that can assist in managing risks with action plans and risk assessment matrices to determine the level of risks in project environment.

Solution

iFour Technolab, a leading software outsourcing company , built a risk assessment application that determines the risk severity based on analysis of information generated by the risk matrices. The newly designed application provides reliable risk adaptation and mitigation measures for managing risks during project execution. The application comprises of following features:


Technology Used

Type Website
Web Server IIS
Programming Language ASP.Net (C#) Framework 4.5
Database Management Server Microsoft SQL Server
Architecture MVC / NHibernate framework
Client Technology JavaScript, JQuery
Version Control SVN

Conclusion/Results

iFour Technolab provided a sustainable risk assessment application considering the challenges faced by the customer in managing risks arising due to climate changes in Australia and other risk factors. Risk prediction, measurement and treatment is no longer a guess work with future proofing initiatives provided by the newly designed reliable application. With the new analytical capabilities and matrix generation ability, application develops the precise action plan for mitigation of risks.

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