RiskAid Enterprise builds upon the successful RiskAid risk management software to provide comprehensive risk management support for all businesses and organisations.

The existing RiskAid features have been extended to offer:

• Hierarchical risk assessments
• Contingency budgets for each criteria defined
• New management information displays
• Consequential impacts to other parts of the organisation
• Issues and Incidents
• Copying and transfer of risks, actions and risk-action links between assessments

RiskAid Enterprise allows managers to maintain an overview of risk assessments under their responsibilty, with instant drill-down to detail where required. This radically simplifies the risk management task and this is key to our philosophy. RiskAid Enterprise allows uniform principles to be applied easily to risk management tasks throughout organisations large and small, providing a fully integrated management information system.

Web-based or intranet based, RiskAid Enterprise enables businesses to operate a single, flexible, fully-integrated and collaborative solution to risk management from the top to the bottom of the organisation. It will cover all relevant aspects of the organisation, from project management to service provision and from health & safety to business continuity. It is still simple and easy to use at every level.

Download the RiskAid Enterprise Brochure.

FEATURES AND BENEFITS

Hierarchical Risk Assessments

RiskAid Enterprise offers a simple yet powerful framework for defining risk assessments at strategic, programme, project and operational levels. Assessments can contain subsidiary assessments and the results of these can be included in the calculations at the higher levels.

For example, this would allow a large, long-term project to be assessed separately at each key stage and yet include these separate assessments in the overall assessment.

Each assessment is only accessible by pre-authorised teams and individuals thus ensuring a very simple to maintain controlled access regime.

Contingency budgets for each criteria defined

Budgets can be set in each assessment for each assessment criteria i.e. a cost budget, time delay budget (if relevant) and qualitative budgets for any other criteria defined (e.g. major impact on reputation). Instant comparisons of potential overall impact against budget are immediately available.

New management information displays

These displays give each user

• an immediate view of the risk assessment hierarchies that are accessible
• an overview of the health of the various risk assessments that the user has access to
• "traffic light" indicators of potential exposure against budget
• extensive drill-down facilities to provide rapid access to key areas of interest.

Consequential impacts on assessments that are higher in the hierarchy

RiskAid Enterprise includes the concept of consequential impact. Each assessment results in an estimate of potential impact which could have a consequential impact on an assessment at a higher level.

For example, a delay in a development project may mean that project manager has to fund the extra cost of the development team for the extra period. However, the sales & marketing department see this as a shortfall in sales - they might even miss their window of opportunity - and, in some cases, damage to the company's reputation. The sales & marketing department can define this consequential impact in terms of lost and delayed sale to establish the overall impact on the company as a whole.

Issues and Incidents

Issues and incidents can all be thought of as specific classes of risk and are often handled separately to other risks. Issues are risks that are definitely going to happen. They cannot be prevented, so the only option is to propose actions that limit their impact. Incidents are specific risks that have occurred. Actions are again restricted to those that limit the impact of the incident.

However, issues and incidents can either be managed in the same way as other risks or displayed and managed separately to suit your organisation.

Copying and Transferring risks, actions and risk/action links

Assessment managers are able to copy transfer risks and actions in a controlled manner between assessments. For example a risk that actually affects all projects may have been identified at a project level. It makes sense for this risk to be transferred to the appropriate higher level where it can be dealt with once and for all.

This facility also allows best-practice risk assessments to be constructed as standard templates for an organisation and set as "read-only". When a new assessment is started, the assessment manager can copy the relevant standard risks and actions from such exemplar assessments. This helps in the rapid creation of new assessments and allows the organisation to benefit from past experience on keeping risks under control.

RiskAid Enterprise automatically works out the relevant links to transfer and maintains audit records of the transfers.

Download the RiskAid Enterprise Brochure.

Click here for an Online Demonstration.

For more information and prices contact info@riskreasoning.co.uk