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.