In this “Features in 5,” we take a look at why risk registers are foundational to an Enterprise Risk Management (ERM) program and how they’re built, managed, interconnected, and more in Origami Risk’s Governance, Risk & Compliance (GRC) suite.
Risk registers, a library of the most critical risks an organization faces, are foundational to an organization’s ERM program and can include everything from internet outages to wide-spread natural disasters. From the register, further assessment, controls, action plans, audits, and more are able to be developed.
Although some organizations try to manage risk registers through spreadsheet templates, a solution specifically designed to handle the challenges of building and maintaining an effective risk library is a much better approach. . Without a foundational tool that provides critical insight, data, and assessment of strategic objectives, controls, connected compliance obligations, and more, teams quickly find their ERM programs grow infinitely complicated or impossible to manage.
In this short 2-minute video, learn how easy it is to build an effective and robust risk register for your organization and ensure the foundation to your ERM program. With Origami’s GRC suite, see how easy it is to:
- Build and manage a risk register
- Connect and consolidate related risks
- Understand the relationships between risks, controls, and strategic objectives
See how your ERM program stacks up
Gauge your organization's ERM program and gain fuel for change with Origami's ERM Maturity Assessment. In only 17 questions, you'll be on your way to a customized, actionable plan of attack.