Risk management

Last updated: 2021-07-03
See our solution:
Risk Management SoftwareRisk Management
Was this article helpful?
6 of total 12 found this helpful.

Risk management in the organisation

Risk management in companies and organizations focuses on the identification, analysis and subsequent mitigation of risks. In fact, risk management in an organization means: 

  • Risk identification - identifying and searching for risks related to the organization's activities
  • Risk assessment - primarily assessing the impact of risks and estimating the probability of occurrence for each risk
  • Risk prioritisation - assessing which risks to prioritise - based on their impact and likelihood
  • Action setting - taking effective and controllable actions and corrective actions to eliminate or mitigate risks
  • Ongoing assessment of risk status - reporting on significant risks and actions to eliminate or mitigate risks

In order to provide all of these risk management activities and processes, you need to have a place where you can store and share this information. You can conveniently perform all of these risk management steps in Aptien. It allows you to

  • Developing a risk catalogue (list) where you describe each individual risk using a risk card with impacts, likelihood and other context
  • Preparation of a risk map that allows you to prioritize risks
  • Creating follow-up actions and managing work on them, which will allow continuous assessment of the status