Patent ID: 8005706

Claim:
A computer implemented method for risk management in project management, comprising: defining an enhanced telecom operations map by identifying a plurality of functional domains for an enterprise, each of the plurality of functional domains arranged in the enhanced telecom operations map based on a business category of a plurality of business categories and a function of a plurality of functions of the enterprise; mapping a plurality of enterprise applications related to a plurality of projects into the plurality of functional domains on the enhanced telecom operations map based on a business category of the plurality of business categories and a function of the plurality of functions associated with each enterprise application of the plurality of enterprise applications; mapping a plurality of requirements of a project into one or more functional domains of the plurality of functional domains on the enhanced telecom operations map; identifying, by a risk management tool stored on a non-transitory computer readable medium and executable by a processor, risks for a project during each phase of the project by mapping the project to systems based on enhanced telecom operations map standards, a first risk identified during a concept phase for the project prior to an analysis phase for the project, a second risk that did not exist during earlier phases of the project identified during a phase subsequent to the concept phase, a third risk comprising a dependency of the project on a second project of the plurality of projects identified based on the enhanced telecom operations map, and the second project comprising at least one enterprise application of the plurality of enterprise applications in the one or more functional domains that include the plurality of requirements of the project; analyzing, by a risk register, stored on a non-transitory computer readable medium and executable by a processor, for each of the identified risks, a probability and an impact severity to determine a risk exposure for the project, the analyzing including analyzing a probability for the dependency and an impact severity for the dependency to determine a risk exposure for the dependency; developing, by the risk register, a risk response plan for at least one of the identified risks based on the risk exposure for the project associated with the at least one of the identified risks; mitigating the risk exposure for the project associated with the at least one of the identified risks by executing a portion of the risk response plan; determining a status of the second project; and mitigating the dependency by at least one of delaying the project and accelerating the second project based on the status of the second project.