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Description

Favro helps organizations transform into agile businesses by empowering all types of teams to work independently and helping leaders align all work towards company goals. Favro teams in marketing and product development, as well as their leaders and executive managers, have one place for planning, documentation and collaboration.

Description

The Product Risk Framework is an advanced business intelligence solution designed to assist product development teams in evaluating the risks, limitations, and uncertainties tied to new initiatives. Owned by Strategy 2 Market, this tool focuses on supporting medium to large companies in refining their product development processes. The Product Risk Framework™ functions as a software resource for product developers, facilitating the identification, assessment, and prioritization of the most critical uncertainties and risks linked to product concepts. By utilizing principles from behavioral economics, it effectively uncovers uncertainties while monitoring the progress of risk mitigation from the initial idea to the product launch, ultimately improving decision-making through effective data visualization. Additionally, the Product Risk Framework was awarded a STEM I-Corp Grant by the National Science Foundation, with sponsorship from the University of Chicago, highlighting its innovative approach in the field. This recognition underscores the framework's value in advancing product development practices.

API Access

Has API

API Access

Has API

Screenshots View All

Screenshots View All

Integrations

BugHerd
Desktop.com
Dropbox
GitHub
Google Calendar
Google Drive
Jira
KonnectzIT
LT Browser
Microsoft OneDrive
Microsoft Outlook
Quickwork
Rambox
Shift
Slack
Stackreaction
TestMu AI
TrackingTime
Wufoo
Zapier

Integrations

BugHerd
Desktop.com
Dropbox
GitHub
Google Calendar
Google Drive
Jira
KonnectzIT
LT Browser
Microsoft OneDrive
Microsoft Outlook
Quickwork
Rambox
Shift
Slack
Stackreaction
TestMu AI
TrackingTime
Wufoo
Zapier

Pricing Details

$6/month/user
Free Trial
Free Version

Pricing Details

No price information available.
Free Trial
Free Version

Deployment

Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook

Deployment

Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook

Customer Support

Business Hours
Live Rep (24/7)
Online Support

Customer Support

Business Hours
Live Rep (24/7)
Online Support

Types of Training

Training Docs
Webinars
Live Training (Online)
In Person

Types of Training

Training Docs
Webinars
Live Training (Online)
In Person

Vendor Details

Company Name

Favro

Founded

2002

Country

Sweden

Website

www.favro.com

Vendor Details

Company Name

Product Risk Framework

Country

United States

Website

www.productdevelopmentrisk.com

Product Features

Agile Project Management Tools

Backlog Management
Feedback Management
Gantt/Timeline View
Kanban Board
Prioritization
Request Management
Resource Management
Retrospectives Management
Status Tracking
Supports Scrum
Team Management
Template Management
Workflow Management

Collaboration

Brainstorming
Calendar Management
Chat / Messaging
Contact Management
Content Management
Document Management
Project Management
Real Time Editing
Task Management
Version Control
Video Conferencing

IT Project Management

Bug Tracking
Issue Management
Milestone Tracking
Percent-Complete Tracking
Portfolio Management
Prioritization
Product Roadmapping
Requirements Management
Resource Management
Status Tracking
Supports Agile
Supports Scrum
Task Management
Testing / QA Management
Time & Expense Tracking

Product Management

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

Product Roadmap

Collaboration
Content Import / Export
Diagramming
Drag & Drop
Feature Management
Milestone Tracking
Prioritization
Requirements Management
Workflow Management

Productivity

Collaboration
Database Creation
Document Creation
File Sharing
Notes Management
Office Suite
Presentation Tools
Project Management
Task Management
Team Chat

Project Management

Agile Methodologies
Budget Management
Client Portal
Collaboration Tools
Cost-to-Completion Tracking
Customizable Templates
Gantt Charts
Idea Management
Kanban Board
Milestone Tracking
Portfolio Management
Resource Management
Time & Expense Tracking
Traditional Methodologies

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

Task Management

Collaboration
Create Subtasks
Gamification
Gantt Charts
Mobile Access
Percent-Complete Tracking
Progress Tracking
Recurring Tasks
Reporting/Analytics
Spreadsheet View
Task Board View
Task Planning
Task Scheduling
Task Tracking
Time Tracking
To-Do List View

Time Tracking

Automatic Time Capture
Billable & Non-Billable Hours
Billing & Invoicing
Employee Database
Expense Tracking
Mobile Time Tracking
Multiple Billing Rates
Offline Time Tracking
Online Time Tracking
Overtime Calculation
Time per Project Reporting
Timesheet Management
Vacation / Leave Tracking

Workflow Management

Access Controls/Permissions
Approval Process Control
Business Process Automation
Calendar Management
Compliance Tracking
Configurable Workflow
Customizable Dashboard
Document Management
Forms Management
Graphical Workflow Editor
Mobile Access
No-Code
Task Management
Third Party Integrations
Workflow Configuration

Product 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

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