RISKQUEST
Risk Identification, Quantification and Mitigation Management System
RiskQuest automates the management of Risk, from the corporate level, to the plant floor. RiskQuest allows you to identify the risks, quantify and prioritize those risks and develop and execute strategies and actions to mitigate the risks, thereby reducing the overall risk to the company.
Challenges Addressed
- Lack of transparency, consistency and discipline in defining, quantifying and managing the risk
- No dashboard to provide real-time review of all Risks across the company
- Putting out risk “fires” as they impact rather than proactively managing risk
- Lack of transparency on key tasks and responsibility for tasks involved in mitigating risk
- Difficulty in determining status of any given risk in real time
- No organized and scheduled periodic reviews of risks
- No defined consistent methodology to quantify risk and therefore prioritize all risks
- The same risks seem to impact over and over in different parts of the company
- Collaboration to manage and mitigate risk is difficult to impossible across different functions
- Documentation for each risk scattered across shared folders or SharePoint
- Manual approval process with poor to no documentation
- Manual tracking of tasks which get “lost” over time with poor accountability
RISKQUEST SOLVES THE CHALLENGES OF RISK MANAGEMENT WITH…
Single Risk Management System
Single system for complete management of the entire Risk Portfolio
Risk Dashboard
View your entire Risk Portfolio Level or drill down to show all the Risk details to make sure nothing is missed
Reduced Management & Execution Effort
Seamless management of all risk from start to finish: Identification, Quantification, Prioritization, Mitigation, Closure
Fully Flexible Configuration
Define the Risks and the process exactly the way you need
Clear Progress Tracking & Status
View detailed progress charts to track and take corrective actions fast.
Easy Document Management
All key documents related to Risk in one place. Integration with DocuQuest for controlled document management.
Closure Approval
Ensure proper Closure Approval with the ability to set and request the appropriate approval at all levels of the company as required
Integration to key IntellaQuest Applications
Identify the Risk and then manage it with the appropriate IntellaQuest Application: PRRQuest, CIPQuest, MOCQuest, KnowledgeQuest, and more
Scheduling & Execution to Deadlines
Key date markers provide visual management of status in relation to milestones.
Task Assignment & Tracking
Define, review and edit the Risk Team and quickly assign multiple tasks to responsible personnel with auto alerts
Ideation
Anyone in the company can identify and raise risks for review
Automatic Email Notifications
Configurable email notifications such as announcements and messages to all or selected team members, etc.
Full Approval Management
Powerful, configurable approval protocols for any stage or task
Future Proofing
Drive the changes necessary across your processes to ensure same risks don’t recur once mitigated
Discussion Board at each step
Discussion boards for easy communication at any level of the management of risk
History & Traceability
Full traceability of all changes made
Security Settings
Set security levels as needed
