Risk Portfolio

iFACTS Risk Portfolio Web based Risk Assessment, control and reporting.

iFACTS Risk Portfolio supports the corporate governance requirements on the Risk Management process. Stakeholders want to know which risks can affect the organizations' ability to reach its objectives.

The main purpose with Risk Portfolio is to report risk in financial terms to be used in:

• Decision making (risk map, investments, strategies)
• Stakeholder reporting (transparency, KonTraG, Basel II / Solvence II)
• Financial KPI (Capital requirement, Cashflow, Risk appetite, Risk capacity)

The risk scenario is assessed how it will affect different aspects of the business. Examples are financial indicators such as Cashflow or EBITA, how it will affect strategies and objectives, how it is connected to other risks, events and mitigating activities such as BCP.

Monte Carlo: Risk scenarios are analysed using gross/net calculations or through a Worst case / Most likely / Best case approach together with distributions such as BetaPERT. The correlated scenarios are aggregated to group level and passed through Monte Carlo simulations, presented as e.g. risk capacity, risk appetite and risk/reward.

Main deliveries are:

• Risk Portfolio map
• Preventive measures and follow up
• Aggregated portfolios
• Analysis of risk distribution
• Reports, risk trend, fastest growing risks
• Financial measures: Capital requirement, Risk appetite, net debt, risk capacity

Implementation and roll out can be done instantly with high efficiency using web technology.

iFACTS Risk Portfolio functionality

Dynamic setup of organizational structure and roles in the main administration, creation of company tree and roles. Connection to active directory.

Dynamic setup of risk wizard  The steps and content in the risk wizard are created by the administrator.

Risk assessment variables   Several types of risk assessment are supported, for example: Consequence, Probability, Manageability, impact on cashflow, EBIT, strategies, risk distribution etc.

Risk assessment types  Support for Qualitative and Quantifiable assessment. Monte Carlo simulation.

Risk aggregation  Support for aggregation of risk scenarios, for example company-business unit-entitiy.

Connectivity   Connectivity with other risk scenarios, strategies and events and mitigating activities such as BCP.

Periods  Support for several period intervals, for example assessment in three years.

Integration   with other iFACTS modules - Risk management, Event, Audit and the ONTRACK dashboard.

Report generator  a wide variety of reports/settings can be created and saved as templates.  All of these reports can be exported to Excel, Word, PDF, Text.

Search can be conducted according to selection on all registered data, for example, organisation, type, status, category, role, result etc.