Riskonnect Active Risk Manager - 2026 Pricing, Features, Reviews & Alternatives

- Built-in quantitative cost and schedule impact risk analytics including easy-to-use Monte Carlo engine
- Centralized risk system to manage any and all types of threats, opportunities, and issues
- Robust reporting capability to ensure accountability, visibility and program success
- Provides a foundation for a more proactive risk process including a bow tie analytics interface to identify and manage causes and consequences surrounding risk events, and email alerts to keep Project Managers in front of the risks instead of “firefighting”
- Provides a platform for a common risk management process throughout the organization
- Global customer base with extensive infrastructure / project risk management experience
- Over 100 man-years of development effort
- COTS tool with a custom-built experience due to highly configurable design
- Scalable, flexible interfaces support varied degrees of risk rigor for any situation
- Improved Risk Management techniques through ‘ramping up’ of risk maturity levels
- Large and involved user base – expect evolving / improving functionality based in specific customer needs / requests
- Management visibility through effective and efficient views, reporting and metrics
- Functionality to support strategic and business planning
- Seize opportunities / consider potential events, not just apparent threats
- Reduce insurance premiums by demonstrating more control around risk and relying more on mitigation strategies than blanket policies
- Improve credit ratings with the likes of Standard and Poors, Moody’s and D&B
- Reduce capital adequacy (provision funds imposed by industry regulators)
- Reduce business losses and earnings volatility
- Minimize duplication of risks and controls and reducing mitigation costs
- Achieve efficiency savings by increasing the speed of reporting and reducing the time spent on risk management and data manipulation