The Risk Management Module provides an easy-to-use, and efficient means to significantly improve activity execution and data quality for the risk management process. It enables the identification, assessment, and management of risks across an organization. The module allows for:
- Custom methodologies for different types of risk assessment or common methodology
- Strategic and detailed risk assessment
- Criticality (Business Impact Analysis) assessment
- Threats, vulnerabilities and controls evaluation
- Self assessment capability
- Risk surveying, rating and monitoring, key risk indicators definition and monitoring
- Risk response action plans, responsibilities (delegation of responsibility and accountability, and notifications.