Magnasoft is committed to transforming businesses and driving sustainable development by leveraging advanced geospatial technologies and services to deliver actionable insights. Founded by a group of mapping professionals, Magnasoft began its journey with a GIS project for the Bangalore Municipality in 2002. At that time, paper maps and CAD-based solutions were the norm. However, over the years, Magnasoft has evolved into a leader in building sophisticated 3D content and digital twins for cities worldwide.
Today, Magnasoft applies its expertise to tackle real-world challenges such as Advanced Driver Assistance Systems (ADAS), optical connectivity, vegetation-induced power outages, asset maintenance, and sustainable engineering. Despite its growth, the organization faced a critical issue—ineffective risk management in its projects, leading to operational inefficiencies and revenue loss.
Magnasoft's team struggled to identify project risks in advance, resulting in unanticipated delays and resource wastage. Even when risks were identified, the absence of a structured tracking and notification system hindered their ability to respond proactively. This lack of a comprehensive risk management tool affected project outcomes and profitability.
To address these challenges, we recommended implementing Zoho Creator, a powerful low-code application development platform. We developed a customized risk management application tailored to Magnasoft’s specific needs. The solution focused on:
1. Risk Identification & Tracking: The application enables the Magnasoft team to capture potential risks at any stage of a project. It highlights the risk-prone periods, helping the team to be better prepared.
2. Stakeholder Assignment: Once a risk is captured, it is assigned to the relevant stakeholders, clearly indicating who is responsible for managing it.
3. Automated Notifications: To ensure that no risk goes unnoticed, automated notifications are sent to the assigned stakeholders, reminding them of pending actions and keeping them informed at all times.
Our Zoho Creator-based risk management application was designed to streamline the risk-tracking process from end-to-end. With user-friendly interfaces and dynamic reporting, the application provides a complete view of project risks and the status of mitigation activities. Key features include:
Magnasoft is committed to transforming businesses and driving sustainable development by leveraging advanced geospatial technologies and services to deliver actionable insights. Founded by a group of mapping professionals, Magnasoft began its journey with a GIS project for the Bangalore Municipality in 2002. At that time, paper maps and CAD-based solutions were the norm. However, over the years, Magnasoft has evolved into a leader in building sophisticated 3D content and digital twins for cities worldwide.
Today, Magnasoft applies its expertise to tackle real-world challenges such as Advanced Driver Assistance Systems (ADAS), optical connectivity, vegetation-induced power outages, asset maintenance, and sustainable engineering. Despite its growth, the organization faced a critical issue—ineffective risk management in its projects, leading to operational inefficiencies and revenue loss.
