iFACTS Risk Portfolio provides a shared approach to continuously manage risks at all levels in the enterprise. Immediately available to stakeholders for reporting, mitigation and controlling. It is a web based software part of the iFACTS Governance platform. The software is easy to use and flexible, dynamic to configure to your needs.

How it works

Scenario based risk identification and assessment can be performed using a rich set of features:
Local risk reporting consolidated on an enterprise level for mitigation and decision making.
Reports; support for customised report templates, shared with stakeholders.
Risk register; add and edit your risks. Possible to import standard risks from a central register, sorted in a risk breakdown structure. Dynamic, to customise it for your specific needs.
Configurable parameters; control how the scenario will be described, assessed and what impacts it will have on strategic and financial objectives.
Flexible assessment; provides several ways to assess a scenario, from qualitative to quantifiable impacts spanning over multiple years or phases.
Connectivity; risks can be connected to other organisational units, processes and business activities in a transparent manner. Provides better understanding of value chains, decision making and functions as an early warning system.
Instant feedback; on-screen display of charts and matrices with acceptance levels, as well as calculations of risk score and risk expected value.
Actions; manage risks and opportunities by adding supporting and/or mitigating actions and calculate residual risk.
Risk controlling can challenge each assessment in continuous risk follow-ups, providing on-screen feedback and automatic notification through email. Follow-ups make sure the assessments are up to date as well as provide historical snapshots.

The tools and techniques

A structured approach to performing risk assessments. Administrators have full control over all variables, be it qualitative impact levels, permissions, participants or risk breakdown structure. Provides a consistent way of performing assessments, and can easily be configured for different types of risk assessments: e.g. IT-risk, Project risk, EML, FMEA, ERM, HAZOP and supply chain risk management.
Assess quantifiable scenarios in multiple ways, ranging from gross/net and probability calculations, to simulation assessments with worst, realistic and best case as well as discrete outcomes or in combinations.
Risk reporting through a powerful data mining tool, allowing the setup of customised report templates. Reports are configured with conditions, calculations, filters and layout customisations as desired.