Risk Management
The Risk Management module allows for the management and tracking of strategic risks. Strategic risks are the identified risks that might impede an organization from achieving
its strategic objectives.
Strategic Risks & Controls
The software allows organizations to identify risks & risk appetite per strategic objective.
- Define inherent risk rating for each risk
- Define existing controls combined controls effectiviness
- The system automaticaly compute the residual risk rating based on the controls effectivennnes
Risks Mitigation Strategies
Organizations need to keep risks within the agreed risks appetite. To achieve this, our software allows organization to set up & track risks mitigation strategies.
- Set up mitigation strategies per risk
- Define start & end date of each risk mitigation strategy
- Comments & update on each risk mitigation strategy
- Once a risk mitigation strategy progress reach 100%, it is automatically moved to existing controls
