Currently project managers create a work package of type ("Risk") with custom Begin of the insertionfields. This allows flexible configuration, but prevents us from doing better analysis and aggregation of risks.

Effective risk management is a core component of both the PM² methodology (developed by the European Commission) and the PMFlex framework (a customizable, flexible project management approach). Both emphasize the need to:

* Identify, assess, and document project risks

* Evaluate likelihood and impact

* Define and apply risk controls and treatment strategies

* Track the residual risk after mitigation efforts

* Maintain transparency and accountability through a structured workflow and status lifecycle


The purpose of this Epic is to design and implement a Risk Management module that aligns with these principles, enabling project teams to effectively manage risks throughout the project lifecycle.

Key objectives:

* Support for risk assessment via impact and likelihood

* Modeling of initial and residual risk levels

* A notion of ongoing treatments and actions of a risk that impacts its residual risk value

* Visualization support (e.g. risk matrix, heat map, stacked graphs)

* A basic workflow of risks

* Auditing and reporting


This will allow organizations to standardize risk management across projects and ensure compliance with internal or external frameworks.End of the insertion Begin of the deletion fieldsEnd of the deletion