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Risk portfolio

What is meant by Risk portfolio?

A "risk portfolio" refers to the systematic identification, evaluation, and management of risks that may arise within a company or project. The risk portfolio provides an overview of all identified risks, their potential impacts, and the likelihood of their occurrence. It enables organizations to prioritize risks and implement measures to mitigate negative consequences. Typically, the risk portfolio is visualized using risk matrices or risk maps, which classify risks based on their likelihood and impact.

Typical Software Functions in the Area of "Risk Portfolio":

  1. Risk Assessment: Evaluating identified risks based on the likelihood of occurrence and potential impact.
  2. Risk Classification: Categorizing risks into high, medium, and low priorities based on their significance.
  3. Risk Visualization: Creating risk matrices or risk maps that provide a clear representation of the risks.
  4. Risk Monitoring: Continuously tracking risks and their changes over time.
  5. Reporting: Generating reports and dashboards to communicate the risk overview to stakeholders.
  6. Risk Management Strategies: Assisting in the development and implementation of strategies to mitigate risks.
  7. Risk Documentation: Detailed recording of all risk assessments, actions, and outcomes.
  8. Scenario Analysis: Simulating various scenarios to evaluate potential risk impacts and develop alternative action strategies.

Examples of "Risk Portfolio":

  1. High-Priority Risk: A risk that is highly likely and could have significant negative impacts on the project.
  2. Medium-Priority Risk: A risk with moderate likelihood and limited impact.
  3. Low-Priority Risk: A risk that is unlikely to occur and would have minimal impact on the project.
  4. Accepted Risk: A risk that is deemed acceptable in terms of its potential impact, requiring no further action.
  5. Treated Risk: A risk that has been reduced or eliminated through preventive measures.
  6. New Risk: A recently identified risk that has yet to be assessed and classified.

 

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The function / module Risk portfolio belongs to:

Risk Management

Software solutions with function or module Risk portfolio:

Aeneis - critical and success-relevant processes and assets under control.
Aeneis | BPM Software for Governance, Risk & Compliance (GRC)
roXtra
 
 
 
 
 
 
The software for your digital quality management
caralegal
caralegal
 
 
 
 
 
 
Privacy solution Platform - Stay ahead of the data protection curve
Field-proven software for internal audits
EcholoN Service Management Suite
EcholoN - holistic service management
MCS COMPLIANCE PLATFORM
Powerful compliance platform innovative IT systems
BIC GRC - Integrated and scalable GRC solutions for all use cases
Ready-to-use solutions for the future-proof digitalization of your GRC processes
antares RiMIS®
antares RiMIS®
 
 
 
 
 
 
Risk detection, risk assessment and risk prevention with antares RiMIS®!
myPARM - Multi-project management software
Multi-project management and PPM software
e1ns | FMEA in the Cloud
Create FMEAs worldwide, easily and as a team
Show all 29 programs with Risk portfolio