Does UpsideContract support Risk Management?
The ability to manage risk is a key feature in UpsideContract. The system provides a mechanism to identify, evaluate, track and manage risk events, drivers, and impacts. UpsideContract allows risk events to be identified including a text description of the event along with an estimated probability of occurrence and the estimated loss if the event were to occur (in time or dollars). For each risk event: o One or more Event Drivers can be identified, recording the reasons why the event may occur. o One or more Impacts can be identified, documenting potential outcomes if the event were to occur, each with an assigned probability. o Each Impact can have one or more Impact Drivers which document the elements contributing to the loss if the event were to occur. o A specific user is assigned to the event; this will be the individual responsible for managing the risk event and taking steps to reduce the probability of occurrence. o A specific event can be assigned to a contract or a project, i
