Top executives and boards of corporations around the globe continue to juggle the many challenges of running an organization – managing risks and complying with regulations while increasing stakeholder value and meeting corporate objectives. Management wants to address these challenges at an enterprise level, but needs to break out of a high-cost silo approach.
The Governance Portal for Risk Management allows you to:
- Create a risk model or framework that documents your organization’s common risk language, allowing you to compare and manage risks across the entire organization.
- Deploy risk assessments through an integrated survey engine, helping you to identify and focus on the right risks at the right time to minimize exposure.
- Develop response strategies to address identified risks and manage the implementation and execution of the strategies through completion.
- Identify key risk indicators and establish acceptable thresholds that generate alerts to stakeholders and executives when thresholds are violated, allowing you to take quick action to mitigate risk.
- Manage incidents and their impact on your business through data collection, reporting, root cause identification, and accountability. In addition, you can conduct what-if analysis for planning purposes.