Risks under control, before they become problems.
Identify, assess, treat and monitor - in one place, integrated into your project work. No more spreadsheet that nobody maintains.
Risk management rarely fails because of the method.
It fails because it turns into a tedious chore. Sound familiar?
The risk list is a spreadsheet
…last opened by someone three months ago.
“Are we in control?”
When leadership asks, the scramble begins.
Measures without effect
Mitigations get decided - and then never implemented.
The risk hits anyway
Even though it was “on the list” all along.
A living cycle instead of a dead list
WORKSPACE.PM guides you through the full risk process - and keeps it alive.
Identify
Capture risks - manually or via AI suggestion.
Assess
Probability and impact, gross and net.
Treat
Define measures - as tasks with an owner.
Monitor
KRIs and reviews warn you before it gets critical.
Instant overview
See at a glance where it burns
Every risk lands automatically in the matrix of probability and impact. The color tells you what matters - without reading a single number.
- Automatic placement by probability × impact
- Gross and net risk side by side
- Filter by project, status or owner
18
Total
3
Critical
7
Open
Medium
Avg net
Cause & effect
Understand the whole risk - not just the dot in the matrix
The bowtie analysis shows causes, event and consequences in one picture. Preventive barriers on the left, mitigating measures on the right. An assessment becomes a real plan.
- Causes and consequences visually linked
- Barriers as concrete measures
- Clear even for non-risk-experts
From gut feeling to probability
How likely will your budget really hold?
The Monte Carlo simulation runs thousands of scenarios and shows how likely budget and schedule are to hold. Instead of an optimistic guess you get a reliable statement.
- Thousands of scenarios in seconds
- P50/P80/P90 percentiles at a glance
- Size your contingency reserve from data
Budget overrun
Response strategy
To do
Negotiate a fixed price with supplier
From assessment to action
One click from risk to measure
Every mitigation becomes a task on your Kanban board - with owner and due date. No measure disappears in the minutes anymore.
- Measure = Kanban card with an owner
- Progress visible right on the board
- Convert a risk into a task in one step
- PMI strategies: avoid, reduce, transfer, accept
Early-warning system
Know it's getting tight - before it gets tight
Key risk indicators monitor critical metrics automatically. If a value crosses the threshold, WORKSPACE.PM raises the alarm - long before the risk hits. Recurring reviews remind you on their own.
- KRIs with thresholds
- Automatic alert on breach
- Scheduled risk reviews
KRI: open critical risks
Threshold breached5
3
€1.2M
Portfolio hotspots
From project to portfolio
Your PMO sees every risk in one place
Project, program and work-package risks roll up into the portfolio automatically. The PMO cockpit shows hotspots, escalated risks and overdue reviews - without anyone stitching spreadsheets together.
- Hotspot heatmap: portfolio × risk type
- Escalated risks & overdue reviews
- Risk exposure per project
- Risks at every level: project, program, work package
AI thinks along
The AI knows the risks nobody thinks of
When you create a project, the AI suggests relevant risks, categorizes them and drafts first mitigations. You decide - the AI gives you the starting point.
- Risk suggestions from the project context
- Automatic categorization
- Mitigations as a draft
Dependency on a single supplier
Category: automatic
Unclear acceptance criteria
Category: automatic
Resource conflict with a parallel project
Category: automatic
Risk management that doesn't feel like extra work
The most common reason risk management fails: it feels like a second job. Not with WORKSPACE.PM.
Integrated, not bolted on
Measures are Kanban cards on your familiar board - no separate tool.
The AI makes the first move
Suggestions instead of a blank page. You curate instead of starting from zero.
It reminds you
Reviews and due dates surface on their own - you don't have to remember.
And the good surprises? Those too.
The same system applies to opportunities: identify, assess, seize. Because risk management isn't only about avoiding harm - it's also about not missing your chances.
Frequently asked questions
Risk & opportunity management
No - you can start small. Create new risks directly and bring over existing ones gradually. Many teams simply start with the top 10 risks per project.
The effort stays minimal because risk management is embedded in project work: measures are tasks, the AI suggests risks, and reviews remind automatically.
Yes. The system of matrix, gross/net assessment, measures and reviews follows common standards such as ISO 31000 and the PM methods (PMI, PRINCE2, IPMA).
It runs thousands of possible outcomes and shows how likely budget and schedule are to hold. So you size your reserve from data instead of gut feeling.
Yes - opportunities use the same system as risks, with their own assessments and measures.
Make risks visible - before they make themselves visible.
See in a short demo how WORKSPACE.PM turns risk management from a chore into an early-warning system.