Risk management is the identification, assessment, and prioritization of risks (which can be defined as the effect of uncertainty on objectives) followed by application of resources to minimize, monitor, and control the probability and impact of unwanted events or to maximize the use of opportunities. Risk management’s objective is to assure uncertainty does not deflect the endeavor from the business goals.
Most of this work is traditionally performed by hand, on paper, which slows down the process of identification and prioritization of these risks. This website provides a platform capable of creating and organizing all the data collected. Furthermore, this great tool accelerates the process of assessment, which in turn facilitates more efficient Risk Management. Threat assessments are faster so to enable more effective use of time to focus on working to minimize and control the probabilities and impacts of unwanted events.
Besides accelerating the whole process the website also facilitates submitting the documentation by creating a final report which can be sent via email to the responsible of each of the sectors in which the risk must be managed.
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