Risk Management Software

Support your process with specialized software

Risk management software supports the process of:

 

Identifying risks: This task is essential because every unidentified risk poses a threat. In general, all identified risks are aggregated into risk types or fields for better processing.

 

Evaluating risks: Risk management software offers various qualitative and quantitative methods to evaluate risks ranging from self-assessments to Monte Carlo simulations. The prime goal of the risk evaluation is to quantify risks.

 

Managing risks: Companies can take different actions to control risks depending on their nature and urgency:

 

  • Avoid risks when the danger is great
  • Mitigate risks by lowing the likelihood of their occurrence
  • Transfer or share risks through insurance or partnerships
  • Accept risks when the danger is low and mitigating them is not economically feasible 

 

Reporting: Effective risk management requires integrated reporting capabilities. This ensures ongoing process and action monitoring and creates a complete view for management


Companies can implement a risk management concept driven by tried-and-tested risk management software that maps and supports existing processes in line with these steps. This generates benefits across the organization including:

 

  • Overview of all relevant risk management processes
  • Complete traceability of all actions
  • Automatic logging of all changes by users
  • Insight on the risk situation in the desired level of detail
  • Availability of necessary audit and certification information with a click of a button

Risk

Modern risk management integrates the capabilities, methods, processes and tools that empower organizations to reach their goals reliably and cope with uncertainty.

Learn more about risk management

Contact

Do you have any questions about risk management?

 

Victoria Fellner will be happy to get you connected with the right expert at avedos.
Simply call +43 13670876 133 send an email to victoria.fellner@avedos.com.