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What is Product Risk Framework?

The Product Risk Framework serves as a sophisticated business intelligence tool specifically crafted to aid product development teams in analyzing the risks, constraints, and uncertainties associated with new projects. Developed by Strategy 2 Market, this innovative solution is particularly beneficial for medium to large enterprises seeking to enhance their product development methodologies. Acting as a software resource for product creators, the Product Risk Frameworkâ„¢ allows for the efficient identification, evaluation, and prioritization of significant uncertainties and risks related to product ideas. By applying concepts from behavioral economics, it adeptly reveals uncertainties while tracking the effectiveness of risk mitigation efforts from conception through to product launch, thereby enhancing decision-making through superior data visualization techniques. Furthermore, the Product Risk Framework's receipt of a STEM I-Corp Grant from the National Science Foundation, with backing from the University of Chicago, emphasizes its groundbreaking contributions to the industry. This accolade not only highlights the framework's innovative aspects but also reinforces its importance in propelling advancements in product development strategies, demonstrating how it continuously evolves to meet the needs of its users.

What is BarnOwl?

BarnOwl is an all-encompassing software solution designed for governance, risk management, compliance, and auditing, currently serving over 200 organizations throughout Africa, Europe, and the UK. It is based on widely recognized standards in risk management, compliance, and auditing frameworks, including COSO, ISO31000, the Generally Accepted Compliance Practice Framework (GACP), and the International Professional Practice Framework (IPPF). Furthermore, BarnOwl offers a flexible and customizable system that can be adjusted to meet the specific requirements of each organization. This robust risk management software empowers users to realize their strategic objectives while cultivating a culture of accountability and ownership in risk management across the entire organization. By maintaining a constant watch over your risk landscape, it boosts confidence in your operational processes. In addition, BarnOwl’s compliance module allows users to import essential legislation, policies, and procedures, ensuring compliance while effectively linking these elements to pertinent risks. With BarnOwl, organizations not only simplify their compliance workflows but also significantly bolster their overall risk management capabilities, ultimately leading to more resilient and proactive governance practices. As a result, BarnOwl plays a crucial role in supporting organizations in their journey toward enhanced regulatory adherence and risk mitigation.

Media

Media

Integrations Supported

Additional information not provided

Integrations Supported

Additional information not provided

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Product Risk Framework

Company Location

United States

Company Website

www.productdevelopmentrisk.com

Company Facts

Organization Name

BarnOwl

Date Founded

2002

Company Location

South Africa

Company Website

www.barnowl.co.za

Categories and Features

Product Management

Collaboration
Feedback Collection
Idea Management
Milestone Tracking
Prioritization
Product Roadmapping
Release Management
Requirements Management
Resource Management
Workflow Management

Project Portfolio Management

Budget Management
Collaboration
Dashboard
Issue Management
Milestone Tracking
Portfolio Management
Project Planning
Requirements Management
Resource Management
Status Tracking
Task Management
Time & Expense Tracking

Risk Management

Alerts/Notifications
Auditing
Business Process Control
Compliance Management
Corrective Actions (CAPA)
Dashboard
Exceptions Management
IT Risk Management
Internal Controls Management
Legal Risk Management
Mobile Access
Operational Risk Management
Predictive Analytics
Reputation Risk Management
Response Management
Risk Assessment

Categories and Features

Audit

Alerts / Notifications
Audit Planning
Compliance Management
Dashboard
Exceptions Management
Forms Management
Issue Management
Mobile Access
Multi-Year Planning
Risk Assessment
Workflow Management

Compliance

Archiving & Retention
Artificial Intelligence (AI)
Audit Management
Compliance Tracking
Controls Testing
Environmental Compliance
FDA Compliance
HIPAA Compliance
ISO Compliance
Incident Management
OSHA Compliance
Risk Management
Sarbanes-Oxley Compliance
Surveys & Feedback
Version Control
Workflow / Process Automation

Risk Management

Alerts/Notifications
Auditing
Business Process Control
Compliance Management
Corrective Actions (CAPA)
Dashboard
Exceptions Management
IT Risk Management
Internal Controls Management
Legal Risk Management
Mobile Access
Operational Risk Management
Predictive Analytics
Reputation Risk Management
Response Management
Risk Assessment

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