What is risk mitigation?
Risk mitigation is defined as the process of reducing risk exposure and minimizing the likelihood of incident occurrence. Linking risk and assessments to controls, uncover the activities, policies and procedures that are ensuring your top risks and concerns are continually addressed.
By using LogicManager’s pre-built industry specific templates or creating your own, you can develop repositories of risk mitigation activities, controls, and standard operating procedures. Link these activities to all the risks they mitigate, requirements they help meet, and goals they help achieve.
New LogicManager customers also have the option of asking their dedicated Advisory Analyst to recreate and mirror any risk mitigation processes and controls that are already in place. We’ll replicate these items, including your business’s logo and branding, as a first step in the development of your LogicManager environment.
LogicManager’s BI risk reporting tool requires no IT training or experience, and is included with any subscription to our ERM software. Simply drag and drop the fields and filters you’d like to create, and the tool will do the rest.See For Yourself