What is meant by Top measures?
The term "top measures" refers to the most important or prioritized actions identified within a risk management process to effectively control or mitigate identified risks. These measures are given high priority as they are considered crucial for reducing risks or achieving the company's strategic goals.
Typical Software Functions in the Area of "Top Measures":
- Measure Prioritization: Risk management software assists in evaluating and prioritizing measures based on their effectiveness and urgency.
- Tracking and Monitoring: Tracking the progress of top measures, including status reports and reminders.
- Resource Allocation: Assigning resources and responsibilities for the implementation of prioritized measures.
- Automated Notifications: Automatic notifications to responsible personnel when measures need to be implemented promptly.
- Reporting: Creating reports on the status and effectiveness of implemented measures.
- Risk Mitigation Analysis: Analyzing the effectiveness of measures in terms of risk reduction.