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Risk Management

Learn how to implement Asset, Third Party and Business Risk Management in eramba. Given the large number of relationships that Risks have with other modules, this course is probably the longest in our entire curricula.

  • Episodes16
  • Duration5h 58m 50s
  • LanguagesEN
Episode 2

Introduction to Risk Mgt

Introduction to Risk Mgt

  • The eramba risk management module allows users to create a risk register to track risk reviews, classify risks, and define risk treatment options such as controls, policies, and exceptions.
  • The module has three types of risks - asset, third-party, and business risks - which differ in their inputs.
  • Users can customize the risk classification, calculation method, and risk appetite.
  • The module emphasizes accountability, with defined roles and mandatory reviews that generate a trail of comments and attachments.
  • The module also provides reporting capabilities, including a risk matrix, risk score and residual over time, and stakeholder/department-based views, to help communicate risk management efforts to the organization.