Risk Management is Essential
Risk management helps individuals or organisations determine their risks and reduce likelihood and impact, providing for better decision-making.
The importance of risk management in an organisation or business cannot be understated.
Features
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Benefits
Every organisation has associated risks. These risks need to be managed to minimise the likelihood and impact of these risks. For this reason, every organisation requires risk management.
GetRiskManager offers many benefits that make it a worthwhile adoption for every organisation. For example:
Better Decision Making
Being able to access risk information means decisions are
made based on the agreed information, not opinion
Maintaining a Reputation
The reputation of an organisation is essential to its survival; and, for a business, the trust and confidence of the consumer can have a direct and profound effect on the bottom line
Manage Threats
Specific control and mitigation actions will reduce the likelihood of a risk occurring, and make the impact less severe
Rank Opportunities
Set the probability and likelihood of success, and ensure you focus on the best opportunities
Contingency Planning
Organisations need to prepare for events such as the loss of data, people, clients, suppliers, and other disruptions. Make contingency planning a normal part of the way your organisation works
Regulatory Compliance
Supports an organisation to achieve compliance with relevant laws, policies, and regulations
Organisational Protection and Efficiency
Within the process of risk management, organisations often discover risks that could cause them to operate inconsistently or inefficiently
Standardisation
Show all parts of the organisation the status of threats and opportunities through a standardised interface. Drive a risk-based culture centred around awareness and openness
Efficient Use of Resource
Ensures everyone is focused not just on delivery but aware of the risks and the actions required by themselves and others
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Manage risk across devices
Accessible from multiple devices – from a smartphone in the field to a desktop in the office
Optimal Security, Functionality and Support
Security
The Amazon Web Services (AWS) infrastructure used by GetRiskManager puts strong safeguards in place to help protect privacy. Cloud security at AWS is the highest priority; and with AWS, the data centre and network architecture are built to meet the requirements of the most security-sensitive organisations
Functionality
GetRiskManager allows organisations to follow the steps of risk identification, analysing, evaluating, controlling, mitigating, contingency planning, monitoring, communicating and reviewing
Support
GetRiskManager support for organisations include a dedicated online Ticketing System, Knowledge Base and User Community Forum
Features
Risk Assessments
Define the Risk Event and Cause
Risk Control
Reduce the likelihood of occurrence
Risk Mitigation
Reduce the consequence if the risk event occurs
Risk Register
See all risks on a single register
Risk Matrix
A visual aid showing current risk exposure
Risk Signature
Be aware of inherent, current and residual risk
Task Management
Manage tasks that control and mitigate risk
Contingency Planning
Be ready if and when the worst occurs