Let’s face it, many IP risk registers are boring, one dimensional and often times contain poorly prioritised lists that lack context and often serve to satisfy a requirement rather than a purpose.
IP risk registers can be of course be useful in some contexts. However without IP risk visualisation, IP risk registers will more often than not fail to accomplish the aims of risk management and support better decision making.
IP risk visualisation can illustrate a rich array of information across multiple dimensions, including but not limited to IP risk source (where are IP related risks originating); IP risk proximity (how quickly IP related risks are likely to materialise); IP risk categorisation (against predefined risk categories or organisational objectives); IP risk control effectiveness (the effectiveness of mitigations currently in place); IP risk impact quantification (the actual numerical value of impacts measured, for example, in financial terms); and IP risk trajectory (risk exposure reduction over time).
In these circumstances, IP risk visualisation can be a powerful aid in getting a message across to decision makers, enabling them to prioritise and highlight appropriate IP related risks for immediate attention or identify opportunities for collaboration on risk mitigation efforts.
It is for this very reason that the Alder IP Risk Management Tool comes equipped with a range of reports, many graphical in nature. A few of the automatic reports generated by the Alder IP Risk Management Tool are highlighted here to illustrate some examples of IP risk visualisation and to possibly raise your appetite.