GRC Risk Management Software
GRC risk management software succeeds or fails on one thing, which is whether the register stays current between reviews. Three design choices decide it.
Who can raise a risk. If only a risk team can, you will only ever see risks the risk team already knows about. Let operational staff raise them.
What triggers a review. Calendar-based review produces a rush before each meeting. Event-based review, triggered by an incident, a change or a failed control, keeps the register connected to reality.
Whether treatments have owners and dates. A treatment without both is a wish. This is the most common gap and the easiest to close.
None of the three is a feature you buy. They are decisions you make during configuration, which is why two organisations on the same product get very different results from it.
Safe Work Australia covers the risk management duty. This is general information rather than legal advice.
See Sentrient’s risk management system and GRC system.
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