Risk Management Plan

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Simply the Most Powerful Risk Management Software.

	Solution		Features		Risk Management Plan
Risk Management Plan The risk management plan includes the following steps, all automatically enacted by the ProcessGene™ GRC software Suite: Plan step Risk management plan activity Risk management plan context establishment Definition of risk management plan related business processes Definition of process artifacts and related entities (e.g. process owners, roles, departments, IT systems, workflows etc.) Delineation of process diagrams (optional) Risk identification Risk description Risk classification Identification of risk stakeholders Determination of Key Risk Indicators (KRIs) Loss event identification Documentation of loss events Assessment of financial influences due to loss events Management of loss prevention activities Risk evaluation Assessment of the raw risk impact and likelihood Risk tolerance determination Determination of risk heat-maps Risk prioritization Risk mitigation Define mitigating actions and controls Residual risk analysis Ensure control implementation Risk audit and remediation Definition and scheduling of risk management audit plans Collection, analysis and storage of risk management audit results Remediation plan definition, execution and follow-up Ongoing monitoring and review Scheduled recurring risk reviews (internal) Data and status evaluation Monitoring the risk management plan vs. actual performance Multi-Org Risk Management Determination of a global risk management plan with mandatory components Establishing a workflow for examining local (subsidiary) variants Enforcement of enterprise guidelines, regulations and frameworks within subsidiaries Control risk levels both locally (per subsidiary) and globally from a central HQ cockpit Central control of the risk management plan The ProcessGene™ Risk Management Software Users The ProcessGene™ Risk Management software solution provides value to the following users: C-level management (CEO, CFO, CIO, CRO, COO) Board of directors Risk managers Compliance officers Internal auditors