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Home » Solutions » By Needs » Enterprise Risk Management |
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Enterprise Risk Management |
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The Enterprise Resource Management (ERM) capability built into the PROOF platform addresses all the facets of managing the complete life cycle of risks. |
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The solution built into the PROOF platform enables very effective identification, assessment, and prioritization of risks followed by collaborative application of resources to minimize, monitor, and control the probability and/or impact of risks. |
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The following are the key capabilities that are available off-the-shelf: |
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| Identification and quantification of risk exposure in a rational unit -customizable for each organization and supporting a range of collaborative methodologies to rank risk |
| An extremely flexible, intuitive mode of associating risks with the context of operations – association could be at task level, project level, portfolio level or even at the organization level |
| A powerful mechanism to track action plan coupled with risk mitigation plan management |
| Probabilistic analysis to project impacts |
| An extensive range of configurations to define and manage detection mechanisms |
| Built-in capability to proactively and continually manage and monitor not only risk life cycle, but also the people team involved in managing them |
| Flexible techniques to manage risk quality approval mechanisms and risk matrices |
| A range of indicators, dashboards and drillable reports to enable effective decision making |
| Risk metrics driven framework, integrated with other functional modules to enable continuous improvements based on potential risks and its impacts |
| Automatic updating of organization wide risk repository with appropriate review and approval mechanisms |
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Enterprise Risk Management Life cycle Model |
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