RVR Parad offers a complete and flexible solution for Risk Management:
Our solution enables risk management teams to create a risk universe for their organization on a top-down or bottom-up methodology . All information used to analyze a risk can be stored in a customizable risk page (Ex: causes, risk categories, indicators…). An approach by process is also available for operational risk management or by application for IT risk management (ISO 27 000 or ebios).
Inherent, residual and target risks can be assessed by impact and probability. It is also possible to assess the control level associated to the risk.
Risk control and action plans
Risk managers can create and follow up mitigation actions linked to the risks, which can be recurring controls or action plans.
Risk mapping and reporting
RVR Parad enables to generate risk mapping by organization levels, by processes, by risk categories as well as customizable reports.
Loss event database
RVR Parad enables to build up a database of loss events by completing for each event the requested information (Ex: entity, date, loss amount, remediation plan...).