Identifying potential Risks, managing risks, remediation are the most important tasks for continual improvement of an enterprise. Easily identification of Risks helps to reduce the amount of loss that happens to an enterprise framework. Interactive heat maps & dashboards give managers a sneak peak into the performance of each process.
Risk Management allows users to define Risks, associate with related controls, predict probability of occurrence and identify the impact. Then Managers define the mitigation plans, view Heat Map, dashboard Reports and keep reviewing regularly for effective implementation.
The ability of assessing risks earlier and developing mitigation plans reduces the impact it would otherwise cause to a business.
Assign Risks to appropriate users under a Business Unit, Process and Sub Process for resolution and review accordingly.