Risk Management
The Shadow-Planner Risk Management module helps an organization quantify the likelihood of failure of any of their critical assets and processes. The module can be used independently, for example to evaluate strategic risk at group level. It can also use the dependency output from the Shadow-Planner BIA module to show processes that are depended upon, the impact on the organization, and the likelihood of failure.
Highlights
- Risk matrix is easy to configure in terms of impact and likelihood
- Color-coded areas of the risk matrix can be associated with risk policy (e.g. red risks require immediate action)
- Separate assessments are made for each threat under consideration
- A threat library, maintained by Cranfield University, is available as part of the module
- Recommended responses to various risks can be created. These can contain costed options to reduce those risks deemed to be unacceptable
- A number of recommendations can be assembled into a project, showing the cost of the treatments and the cumulative effect on the risk matrix
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