EnableRiskManagement©
Large institutions typically have thousands, if not tens of thousands, of projects and activities occurring at any given time. While all are important for the overall functioning of a business, some present more risk, more benefit and normally both. Often Management is at the mercy of groups and individuals identifying these risks and escalating them to the proper level. Even that process can be fraught with subjective opinions and misidentification of the magnitude of the risk. Creating a structured approach to manage this is why EnableRiskManagement© was created.
This tool allows for any number of efforts to be assessed for risk, including Initiatives, Projects, Programs and Activities. Using an industry first seven criteria assessment process, key areas of risk can be identified and measured. You can then scan thousands of efforts quickly for different types of risk such as schedule risk or financial risk. In addition, you can create aggregated risk indexes that profile some or all of the risk elements. After identification, these risks can be escalated to the proper level of management as your business rules require. All risks can be addressed with proposed mitigation plans that can then be tracked to resolution. Finally, Management can rest confident that risks in the business are being identified and mitigated using EnableRiskManagement©.
