Enhanced Risk Management Module

The Enhanced Risk Management module comes with powerful dashboards and flexible options to customize your risk program — including custom scoring and custom tags. 

Dashboards

Dashboards provide a holistic view of your organization’s risks. Visually monitor your progress over time using graphical representations of your risk data including: 

  • Heat maps
  • Risk summary tables
  • Risk trend charts

Dashboards make it easy to communicate top risks, areas of concern, areas of improvement, and the overall health of your risk management program to executives, auditors, and other stakeholders. 

Custom scoring

Custom scoring allows you to adjust your risk scoring scale between 1-10 and customize your risk scoring groups to align with how you define high, medium, and low risk scores. 

Custom tags

Custom tags allow you to create risk categories that are specific to your business. Filter on a tag in your risk register to get a full view into all of the risks associated with that tag to easily track and monitor that group of risks.

Quantitative risk assessment

You can choose to leverage the quantitative risk assessment during your risk assessment.  The in-platform quantitative risk assessment uses the Annualized Loss Expectancy Methodology to calculate risk in terms of financial loss so you can make objective decisions to improve your risk management program.

Learn more about quantitative risk assessment. 

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