Risk Management

All organizations face some degree of risk, but many fail to put in place a risk management plan. To effectively manage risk, organizations need to:

  • Assess, mitigate and manage risks
  • Link incidents - hits and near misses - to risk management plans
  • Manage the financial impact of risk management
  • Manage risks to execution of the business plan
  • Monitor and interpret key risk indicators, that in turn can effect financial results
  • Streamline information flows and automate workflows (including reminders, escalations and approvals)
  • Encourage outcome-oriented communication and collaboration across the organization

CorVu’s CorRisk module is designed to enable organizations to effectively plan and manage risks.

Risk Management solutions can be related to Budgeting and Planning solutions, Risk Management solutions, Scorecard and Dashboard solutions, or Decision Support solutions, each of which can be addressed by other CorVu Performance Management modules.

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