Risk Management

The aim of all management systems is to manage risk and minimise undesired events and outcomes. Risk management must start with the macro view covering health, safety, environment, property, production, reputation, quality, and business continuity scenarios. We've designed a flexible framework to register the full scope of your company's risk and then walk you through the assessment, treatment plan, and sign off steps.The register is also linked to optional business continuity planning tools.

Integrated Risk Register …filter, sort and search by risk levels, velocity, categories, groupings, assessment type and click through to risk assessments, treatment plans, action plans and attachments.

Integrated Risk Register …filter, sort and search by risk levels, velocity, categories, groupings, assessment type and click through to risk assessments, treatment plans, action plans and attachments.

Create and maintain a centralised register of risk and hazard scenarios with correlating assessments and treatment plans.

Assess uncontrolled and controlled risk levels with an option for velocity to flag high consequence risks and treatment priorities.

Filter and restrict viewing by Organisation Focus or Assessment Type (eg: HSE, Commercial, Operational, Reputation).

Risk treatment plans include control type, status and effectiveness and can be linked to control hierarchy. Evaluate current and planned risk levels for risks to ascertain if more action is required.

Actions generated to implement the risk treatment plan are linked to Action Manager for centralised tracking and monitoring. Flexible workflow rules will automate the action follow up, assessment sign off, and review steps.

Periodic reviews can be scheduled or activated manually in response to incidents and changes.

Risk Registers can be filtered by risk category, aspect, activity, risk level, consequence, department, or site and can be exported to Word or Excel. Design, save, and share reports to analyse key hot spots and emerging issues and control strengths and weaknesses.

Benefits

  • Centralised inventory of risks with multiple filtering and reporting options. Maintain visibility of which hazards have the highest risk potential and your critical controls.

  • Enable the proactive identification of emerging issues and undesired trends.

  • Embed and automate risk management business rules and responsibility.

  • Provide transparency and visibility of the status of risk assessments, actions, and reviews.

  • Standardise the method used to register, categorise, assess, action, sign off, and review risks.

  • Provides a robust audit trail of the full process undertaking for each risk scenario.

 
iSystain’s centralised risk register, assessment, treatment planning and action management implements a robust risk management process.

iSystain’s centralised risk register, assessment, treatment planning and action management implements a robust risk management process.