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Real-time accessibility & Insight – A centralized dashboard, that allows easy tracking of total risks assigned, resolved and unresolved.Flexible & Custom Reporting – Visualize your security data, risk matrix summaries and trending threats in customizable reports and heat maps that can be exported into spreadsheets and presentations.Effective Assessment – Resolver Ballot facilitates a data-driven approach for conducting risk assessment.

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On a different front, clients like Farmer Mutual Hail chose Resolver’s Internal Audit and Risk Compliance software for efficient reporting of risks to their management team. There’s an entire set of consolidated products offered by Resolver that are specific to organizations of all sizes and from all industries.Ĭorporations like Delta Airlines make use of Resolver’s Enterprise Risk Management solution for Global Security challenges. It supports early planning of risk identification, in stages when project objectives and regulatory requirements are still in the making. Resolver is one such tool that focuses primarily on risk planning and preparation. The only panacea to this predicament is constructive planning. There’s no knowing when a risk will erupt and jeopardize the foundation of your project, leaving you with nothing but remorse.

Stay on top of all project risks, only with nTaskĭocument, manage and mitigate unlimited project risks with nTask, absolutely free.

Risk Assessment Graph – See how the efforts made to reduce risk are plotted on a graph.

Custom Fields – Add anything related to your business or process to the risk register.

So instead of sifting through each risk individually, access the risk matrix with a single click.

Risk Matrix – A self-generating risk matrix that provides a tabular summary of the probability of each risk in cross-reference with its frequency of occurrence.Select from three different severity options to let everyone know how urgent the risk is. Either way, to keep project stability intact, it is vital that the best risk management software offers the advantage of presaging the likelihood of the risk and how severe is it. Determine Risk Impact – Risks of any nature, in any department are at times uncertain and other times fairly predictable.Using the List view, gain quick visibility of an entire set of risks, where each risk is currently standing, and who is responsible for handling them. You have to be able to view each risk whenever you require and locate them without having to lose precious time. Easy Visibility – Identifying risks is not enough.Each risk is meant to have a specified Risk Owner that is accountable for coming up with ways to resolve the risk and monitor its progress. Proficient Risk Reporting – Made to please Agile Teams, in particular, nTask lets you create a plethora of risks whenever the need arises.So, whether you’re working on a task or conducting a meeting, nTask lets you keep one eagle eye on risk updates. The strongest suit that elevates nTask to a higher pedestal than it’s fellow contenders is that it is a fully-featured project management tool. And the credit for which is single-handedly accounted to the extremely friendly, and pleasantly neutral tones of its risk management board. In nTask, the prospect of having to deal with and resolve identified risks doesn’t seem too formidable. Which is why nTask ranks first on our list. If your risk management software is clunky and complex to use, it will only aggravate your ability to track and assess harmful risks rather than simplifying the process of risk management. Take a look at 24 of the best risk management software that will add a cushion to your free-fall: 1. The 24 Best Risk Management Software for Business Risk Management: What did we look for when evaluating the best risk management software criteria? Best Risk Management Software Selection Criteria In other words, the use of risk management software is becoming increasingly critical to maintain the resilience of a company. And when that happens, a single static risk management approach does more harm than good.Īccording to McKinsey, 70% of senior managers have begun planning on adopting digital risk management. Also, it’s important to realize that, with a growing number of projects and business scope, the nature of risks inextricably expands as well. Knowing what risks are likely to occur and wherein a business can be a time-consuming job for project managers who already have enough on their plates as it is. A PMI study revealed that 86% of organizations use at least one form of risk management method.