You want to manage project risks, ProjectFuture is your tool to optimize threats and opportunities. It includes a risk log, reporting options and a set of default risks. It enables you to analyze risks (causes and effects) and plan responses.

Pros: A project that is too late, over budget and produced real bad results is a nightmare for all project managers. Solid management of project risks only can prevent such a project disaster in many cases. Projects become increasingly complex and the results are demanded in a short time with a limited budget. Professional risk management is an absolute necessity to cope with this situation.

ProjectFuture helps you to make your next project a success! It enables you to identify, prevent and mitigate project risks, seize opportunities and keep an up to date risk register. ProjectFuture enables you to optimize your project risks. ProjectFuture offers you and your project team the following key benefits like project risk mitigation, identifying and seizing project opportunities and increasing the predictability of costs & lead times. Modular implementation helps define the major functionality and keep a clear view of how to derive benefits out of those.

Risk Manager module helps define risk strategies, prioritize risks and to plan actions. Team members can be assigned tasks identified for risk mitigation. Risk Analyzer helps with analysis of the causes and effects of project risks. Risk Register keeps track of all risks and activities in a central database. Important risks and actions are highlighted. Risks can be sorted by name, risk class, owner, etc. Risk Response planner lets you generate and execute tasks and monitor responses to optimize risks. Risk knowledgebase uses a set of standard risks that frequently occur in projects. Risk Help module explains the basics of project risk management and the steps to perform risk tasks. You will increase you project control and lower costs and lead times.

Cons: The program does not offer any cut & dried solution, it helps focus on issues. Project manager will still need to think up tasks specific to his project and his organization. Risk mitigation would depend on his skills in identifying and managing the tasks.

Overall: Pretty good program, helps focus on issues specific to risks related to a project. It is a 3 star package easily.