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Enterprise Risk Management Software
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Risk management is the identification, assessment, and prioritization of risks followed by coordinated and economical application of resources to minimize, monitor, and control the probability and/or impact of unfortunate events or to maximize the realization of opportunities.
Risks can come from uncertainty in financial markets, threats from project failures, legal liabilities, credit risk, accidents, natural causes and disasters as well as deliberate attack from an adversary, or events of uncertain or unpredictable root-cause. Risk Management Software records and managers risk cases and risk issues for a corporate or enterprise company.
FEATURES
- Risk Identification, Assessment, Response, Monitoring, Reporting
- Analysis of risks involving Staff (succession planning, information retention, etc), Environmentally dangerous, Information security, Asset security, Threats to projects, Process management, Opportunities not taken
- Risks are analysed, outcomes identified, probability graded as High, Medium or Low.
- A risk severity rating is selected from High, Medium and Low.
- Risk Response Category, Eliminate Threat, Reduce Probability, Accept Risk, Transfer Risk
- Risk overview reporting and drill down into companies, branches, divisions and departments
- Risk Aging and notifications
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