A Versatile Web-based Risk Management Application For Risk Assessment

Tech Stack

CSS 3
HTML5
JavaScript
jQuery
MongoDB
NodeJS

About Client

The USA - based client is associated with energy industry providing business technical consulting and solutions. With the years of an experience serving the clients with best-in-class technology and engineering solutions, the client represents an independent consulting service provider for energy needs.

About Product

The existing system was using Risk Assessment program on MS Excel to perform a risk assessment of different projects. The client approached Brainvire for developing a web-based module to perform a risk assessment of different projects in an easy and versatile manner. The Risk Assessment Program Application is a comprehensive risk management module that allows users to login, create risk templates, perform risk assessments, calculate results, store risk data to be used for statistical weighting on future projects, and perform project risk simulations.

before

The Challenges

before-ring

Traditional approach for risk management through Excel

The client was using MS Excel to identify, highlight, calculate, and assesses potential risks. Ensuring the risks right from the start of the project, one can eliminate the tangible impact of risk by properly analyzing them. To manage the overall risk management structure, the client was using a traditional approach to MS Excel. It was tough to migrate and understand the whole structure and convert it into defined processes through the web-based module.

As a solution, Brainvire’s experienced team understood the core business requirements and data flow. By designing a proper risk matrix and functions, developers created a comprehensive web-based tool for risk management that can perform various risk management processes.

Solution

The Challenges

To maintain backup and security

For any web application, secured architecture and smoother data flow are playing a key role to drive significant growth to the business. As client was managing the risk management through Excel, it was one of the challenges to executing robust secure strategies and data flow into the system.

Brainvire’s developers implemented a secure architecture that is well-built and equipped with latest technologies to secure the data. Right from the secured template repository, role-based accessibility, customizable risk assessment process, tailored risk templates, to the highly SAAS module-based scalability, team crafted efficient solution as per the client needs.

Traditional approach for risk management through Excel

The client was using MS Excel to identify, highlight, calculate, and assesses potential risks. Ensuring the risks right from the start of the project, one can eliminate the tangible impact of risk by properly analyzing them. To manage the overall risk management structure, the client was using a traditional approach to MS Excel. It was tough to migrate and understand the whole structure and convert it into defined processes through the web-based module.

As a solution, Brainvire’s experienced team understood the core business requirements and data flow. By designing a proper risk matrix and functions, developers created a comprehensive web-based tool for risk management that can perform various risk management processes.

Manual Inputs and Report Generation

In order to analyze, identify, and address the potential risks, the client had to enter the data manually which was time-consuming and complex. Certainly, it was a challenge to gather the data, collectively enter into the software, and process it in such a manner that can give the appropriate outcome.

By developing software solutions for various business domains, our developers possess the extensive know-how and leverage the latest concepts. To overcome this challenge, developers created a web-based module with defined roles and streamlined management processes.

Collective Risk Templates Repository

To meet and address the different risk management needs, there is a number of risk management templates available. The templates are designed in a particular manner to simplify various risk factors associated with the particular project. To store and maintain the repository efficiently, there was a need to maintain Risk Template Repository.

It is utmost important for any organization to have the far-reaching knowledge-base to execute the insights and skills. Known for bringing excellence in software development, developers come up with comprehensive risk template repository which is secured and efficient.

To maintain backup and security

For any web application, secured architecture and smoother data flow are playing a key role to drive significant growth to the business. As client was managing the risk management through Excel, it was one of the challenges to executing robust secure strategies and data flow into the system.

Traditional approach for risk management through Excel

The client was using MS Excel to identify, highlight, calculate, and assesses potential risks. Ensuring the risks right from the start of the project, one can eliminate the tangible impact of risk by properly analyzing them. To manage the overall risk management structure, the client was using a traditional approach to MS Excel. It was tough to migrate and understand the whole structure and convert it into defined processes through the web-based module.

Manual Inputs and Report Generation

In order to analyze, identify, and address the potential risks, the client had to enter the data manually which was time-consuming and complex. Certainly, it was a challenge to gather the data, collectively enter into the software, and process it in such a manner that can give the appropriate outcome.

Collective Risk Templates Repository

To meet and address the different risk management needs, there is a number of risk management templates available. The templates are designed in a particular manner to simplify various risk factors associated with the particular project. To store and maintain the repository efficiently, there was a need to maintain Risk Template Repository.

To maintain backup and security

For any web application, secured architecture and smoother data flow are playing a key role to drive significant growth to the business. As client was managing the risk management through Excel, it was one of the challenges to executing robust secure strategies and data flow into the system.

Result

User-Role Based Access Control
Role-based access control to access the resources based on the roles of the authorized users within an enterprise
Customizable Risk Templates
User can create the dynamic customized risk templates to perform risk assessment that is tailored to needs
Perform Risk Assessment Process Generate Assessment Reports
Comprehensive Risk Assessment Process that allows the user to generate different types of statistics and analytics reports such as bar chart, pie chart, risk tree, heat map, etc. based on the inputs.
Scalable to SaaS Base
This versatile risk management module maintains optimal performance levels to be used as SaaS- Software-as-a-Service’ in nearer future.

Product Screens

Client Testimonials

The initial phase of development is almost complete and has led to additional projects. Brainvire Infotech was responsive to all questions and made steady progress due to a talented development team and stable project management.

Jaikumar Pettikkattil

Electrical Engineer - Arete

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