How do you integrate model-based risk assessments into a classic ERM process? Many companies are now beginning to model important risks, such as cyber risks, in detail, for example with Risk Kit. But then the central question arises: How do you get these modeled results into an enterprise risk management system that usually only allows point values or simple assessments? Our answer: the seamless integration of Risk Kit into the Enterprise Risk Evaluator, our ERM system for structured, company-wide risk management. With just a single click, risk models created in Risk Kit can be transferred directly. This opens up the ERM process to 🔹 model-based risk assessment instead of pure expert estimates 🔹 flexible, fully user-defined assessments for every risk 🔹 the use of real data instead of subjective judgments 🔹 fully automatable and verifiable risk data 🔹 company-wide aggregation and professional analytics within the familiar ERM process This combines the best of two worlds: the analytical depth of Risk Kit and the process strength of a modern ERM system. Anyone who takes risk management seriously cannot avoid model-based assessments, and now they are as simple and integrable as ever. If you would like to learn more about model-based risk management, the Enterprise Risk Evaluator, or Risk Kit, feel free to send me a message or leave a comment. You'll find the link to the Enterprise Risk Evaluator in the comments.
This post was originally published on LinkedIn. View and join the discussion there