Applying a Robust ERM Infrastructure
By converging a myriad of spreadsheets and forms with a tool specifically designed to do the job, you’ll connect all your existing risk management activities and data together and manage them in one place. Suddenly, you’re spending less time on administration and more time managing the quality of the work done. For managers, LogicERM gives real–time visibility into risk, compliance and progress towards corporate goals across functional silos.
Execution is greatly simplified with LogicManager’s step-by-step ERM Practitioner’s Guide. You’ll identify the business processes that contribute to each of your strategic imperatives. You’ll prioritize the risks, goals and standards within these processes. You’ll will receive dashboards that reveal the risks, opportunities-and compliance vulnerability-of activities to understand what areas of the business require resources and on what priority. You’ll then help those operational teams build SMART metrics to provide monitor progress of goal achievement.
As a result, you will deliver a Governance Effectiveness Report Card to your Board of Directors, Committees, Regulators and Senior Leadership with evidence that can be relied upon with repeatable and auditable results covering these three risk management performance metrics:
Pervasiveness of Risk Management
Status summary of all activities across the enterprise on strategic imperatives, vendor management, business continuity, security access rights or any other oversight objectives.
Effectiveness of Mitigation Activities
Detailed status on specific action items in order to manage the risks for which managers are accountable.
Timeliness of Risk Information Collected
Due dates for key deliverables are monitored and escalated if deadlines are missed.
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