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Home / How to implement Risk Management Software effectively

How to implement Risk Management
Software effectively

For the successful implementation of any system we need to take into consideration people, process and systems: People: We require buy-in for risk management from the top and execution and ownership from management. We need a passionate and committed project champion. We need a champion / facilitator to drive the collection of quality input on an ongoing basis resulting in quality output which the business leaders can use when making business decisions. Process: We need a defined process. Fortunately the risk management process is well defined in the COSO and ISO31000 frameworks. System: We need a system that is simple to implement, easy to use, is non-intrusive and provides valuable, up-to-date reporting and insights at the click of the button. This Infographic outlines a process that will:

  • Help you to get buy-in for Risk Management from the top (board and Executive Committee)
  • Define and explain the Risk Management process
  • Demonstrate how to implement and embed effective Risk Management within your organisation taking into account People, Process and Systems.
  • Provide a step-by-step guide on how to implement Risk Management software in your organisation
  • Provide a checklist of what is required at each step of the implementation process
  • Guarantee success when implementing Risk Management software in your organisation
  • Drive accountability and ownership for managing risk in your organisation
  • Demonstrate the practical benefits of Risk Management to your board, Executive Committee, management and all stakeholders