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Overview of Risks
Overview of Risks
Risks are important to capture during an Integration in that they provide insight into potential issues and challenges. The key is to avoid Risks turning into Issues. Devensoft M&A provides the mechanism to enter, track and manage risks throughout the Integration.
From a “best practice” perspective, risks are:
- An uncertain future event or condition that, if it occurs, has a positive (opportunity) or negative (threat) effect on one or more project objectives.”
- Opportunities are exploited and threats are mitigated, avoided, transferred, or accepted.
- Risks are evaluated primarily by impact and probability.