Many newer ISO standards require your business to conduct a high-level business risk assessment to evaluate the ‘context’ of your organisation. This will typically include:
- identification of Risks/Opportunities that have the potential to impact your organisation and business activities;
- identification and tracking of relevant follow-up actions for Risks/Opportunities; and
- a high-level assessment of the Likelihood, Impact, and Significance of identified Risks/Opportunities.
To support this, Activ’s Business Risk Manager (i.e. ‘BRM’) provides you with a simple workflow that allows you to record the details of your organisation’s Risks/Opportunities (i.e. ‘Issues’) in a structured, consistent manner, and assists you in evaluating the overall Significance (and therefore priority) of each Issue. In addition, the module allows you to specify any Controls you have in place to help manage each Risk or capitalise on each Opportunity, and provides you with the option to assign overall ownership of each record if required, to help ensure that each Risk/Opportunity is managed appropriately.
If relevant modules are included within your package, then the Business Risk Manager’s functionality is expanded to allow you to create or link Tasks and Improvement Logs to manage follow-up actions, and to link records directly to third-party Companies so that you can manage relevant Risks/Opportunities against your Customers and Suppliers. This allows you to keep all relevant information linked to a single central record, assisting you in maintaining an overview of the status of each Risk/Opportunity identified.
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The Business Risk Manager module includes up to seven tabs:
Register – provides a register of all Risks/Opportunities that have been recorded within your system.
Linked Improvement Logs – only available if your package includes the Improvement Log module. Provides a register of all Improvement Logs that have been linked to your Risks/Opportunities.
Linked Tasks – only available if your package includes the Tasks module. Provides a register of all Tasks that have been linked to your Risks/Opportunities.
Reports – provides automated monthly reporting on the Risks/Opportunities that are recorded within your system. Note that your reports can be narrowed using criteria such as Issue Type, Source, and Category, allowing you to generate global reports on all Risks/Opportunities, and more granular reports on specific kinds of Risk/Opportunity.
Graphs – provides automated graphs that plot the number of Risks/Opportunities of each Status that you have within your system each month. Note that your graphs can be narrowed using criteria such as Issue Type, Source, and Category, allowing you to generate global graphs on all Risks/Opportunities, and more granular graphs on specific kinds of Risk/Opportunity.
Settings – available to Administrators only, and allows you to configure the options available within your module’s dropdowns and checklists. See Configure Business Risk Manager Settings for more information.
Import – allows you to import sets of Risks/Opportunities into your system, if using the provided data import template. See the Activ Imports user guide for more information.
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In addition, each Risk/Opportunity that is added to your system will include up to five tabs to help keep all relevant information organised against each record. These are:
Details – contains the basic details of the Risk/Opportunity, including a description of the Risk/Opportunity, any Controls that have been implemented, and its Significance rating.
History – houses automatic snapshots of any previous versions of the Risk/Opportunity, providing you with a historic record of any changes made to the main record.
Improvement Logs – only included if your package includes the Improvement Logs module. Provides a register of any Improvement Logs that have been linked to that specific Risk/Opportunity, and assists you in managing each linked record.
Tasks – only included if your package includes the Tasks module. Provides a register of any Tasks that have been linked to that specific Risk/Opportunity, and assists you in managing each linked record.
Access Rights – only included if the Risk/Opportunity is Private. Allows you to view and manage access to Private Risks/Opportunities.
