RISK: A live and dynamic risk register

The RISK module gives your organization a live and dynamic risk register. This is where you document the risks and keep them updated. You can document the risks at local or corporate level, and link them to the controls that you have in place to manage each risk.

Each risk is assigned an owner and a review date, and is categorized according to a three-tier structure of categories and subcategories. The consequences of each risk are documented, each risk is rated individually and the impact in business and financial terms is specified – on services, business objectives, KPIs, and project outcomes. Controls and actions are linked to the risks. The background risk engine provides all of the automated risk calculations concerning impact, severity, residual risk, historical rating analysis, signoff and alert management.