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Vue-Matrix, a web-based project risk analysis and risk management software solution, helps companies better plan for and manage project risk. A product of Workstreamz Solutions, Vue-Matrix was created by Anand Chittoor, PMP, RMP, CSM, an experienced project / program manager, and a certified Risk Management Professional. In his years managing project risks, Chittoor decried the lack of effective, collaborative, and intuitive risk management software solutions — most systems rely on a one-dimensional, siloed spreadsheet that prevents all but the most seasoned users from effectively managing project risk. Vue-Matrix was created to solve this issue, and help project managers more effectively and collaboratively plan and track project risks.
Vue-Matrix reviews risk impact in a visual, easy-to-understand format, making it easier for project managers to record and implement mitigation or contingency actions, thus increasing the chance of project success — and staying on budget. Critical Path reporting, including a full assessment of risk probability, impact, horizon, impact costs, and estimated monetary value (EMV), allows project managers to monitor risks on a project-by-project basis, and also analyze risk for entire project portfolios. Users are able to view and comment on risks, assign mitigation responsibility, and view attached documents. Reminders, change notifications, and other scheduling tools allow you to easily tie risk-related tasks to project milestone dates and collaborate with other users.
Vue-Matrix is available both via 4 SaaS options and a traditional on-premise install — all plans allow for an unlimited number of users, and pricing tiers increase based on number of projects being managed.
We recommend Vue-Matrix to any company wanting to more effectively plan for and mitigate project risks, but especially those managing multiple projects and collaborating with other users in a project management office.
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(Last updated on 03/21/2016)
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