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 identification, classification, assessment, control planning, action implementation, approval and review steps. The image below outlines the management functions and activities supported by iSystain’s Risk module.
Benefits
Improve accessibility with an integrated register with easy sorting, filtering and search functions.
Improve risk management practices by driving a structured process based on a centralised risk matrix framework tailored to operational or enterprise specific impact/consequences severity and terminology.
Know Where to Prioritise focus - enabled by easy sorting and filtering controlled, uncontrolled, high potential and velocity calculations within each risk scenario
Increase automation and action close out rates with action reminders, escalations and scheduled action status reports.
Standardised method by combining all your risk registers in one location.
Increase transparency with centralised viewing, navigation and reporting.
Increase visibility of action close out status and completion performance, with options drill down into bottlenecks and issues.
Increase confidence with robust action status, progress updates and evidence audit trails.
Reduce costs - with centralised, standardised and automated processes that reduce administration tasks and encourage continual improvement.