Register risks on processes with inherent residual and target risk assessments. Associate controls, add SWOT analysis.
Define risk tolerance and risk appetite statements along with key risk and performance indicators.
Assign action plans to achieve target risk. Associate information assets and link standards and regulations.
Populate the heat map automatically. Filter the heat map by department, process, risk level and others.
Consolidate multiple heat maps into a single one. Create separate heat maps for different functions such as ERM, Quality Management, HSE and IT Risk Management.
Register opportunities on processes with inherent residual and target opportunity assessments. Associate enhancing controls, add SWOT analysis and Monte Carlo Simulations.
Assign action plans to achieve target opportunity. Associate information assets and link standards and regulations.
Work in compliance with COSO 2013 Framework and ISO 31000 Risk Management Standard. Satisfy ISO 9001:2015 requirements.
Define controls on processes with detailed attributes, associate these with risks and opportunities. Compile the questions that determine the effectiveness of the control. Assign business units as control owners.