Risk Management
In volatile business environments, organizations face a range of risks that can be prevented or minimized with sufficient risk management systems that aid strategic planning, operations management and internal control.
Despite huge investments in compliance systems (i.e. SOX, ISO, etc.) organizations still face the challenge of ensuring their people comply with all requirements. People-focused risk management processes aid your decision making by helping you take into account and prepare for the uncertainties of future events and circumstances.
NetDimensions solutions for risk management focuses on the people part of risk management, specifically on training, assessing, certifying and reporting on what people know and have in terms of knowledge, culture, licenses, competencies and certifications.
Establish a people-focused risk management system that will aid your processes for risk assessment, identification, analysis, evaluation and treatment.
Develop risk management programs by understanding how to set up and run organizational governance, reporting processes and policies which strengthen an organization’s vulnerability to risks. The process involves applying logical and systematic methods for communicating, identifying, evaluating and monitoring risks associated with any activity or process, as well as reporting appropriately.
Take advantage of NetDimensions enterprise solutions to develop standards, guides, procedures and codes of practice, and ensure that the risk information obtained from these processes is reported adequately so all levels of an organization share the same consistent information.
NetDimensions solutions for risk management enables you to:
- Manage risk assessments -- monitor and review information on potential threats
- Circulate information for management as well as operational purposes
- Establish reporting mechanisms for legal, regulatory and corporate governance requirements
- Maintain and secure records -- Create an information repository and protect sensitivity of information
- Establish and monitor internal controls and procedures
- Schedule, deliver, track and report on compliance programs
Manage risks with NetDimensions performance, knowledge and learning management systems and you will effectively:
- Train and certify members of your organization
- Assess and report on competencies of individuals
- Create audit trails
- Measure the quality of training
- Create, deliver and generate comprehensive reports on assessments
- Track training and certifications
- Assess, report and measure performance
- Manage the hiring of employees
- Identify and assess risk issues with comprehensive surveying and assessment tools
- Assess status of risk issues
We will work with you to help ensure your organization's compliance with relevant legal and regulatory requirements, assess and effectively allocate resources to manage risks.
Contact us today to find out how our solutions will help you effectively establish a people-focused risk management system in your organization.
