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Description

Riskonnect’s Active Risk Manager is a robust risk management solution that empowers organizations to oversee risks comprehensively, from individual projects to enterprise-wide portfolios. It visualizes complex risk interdependencies and helps prioritize risk mitigation strategies to minimize adverse impacts on project goals. By aggregating risk information, the software uncovers trends and emerging risks, promoting proactive decision-making and risk reduction. The platform includes tools such as dashboards, heat maps, bowtie analysis, and schedule/cost impact evaluations to support detailed risk assessments. Active Risk Manager also facilitates seamless collaboration among project teams, providing role-based data visibility and ensuring security compliance. It optimizes contingency budgeting by forecasting resource needs accurately, preventing both under- and over-allocation. With automated risk lifecycle management and integration capabilities via APIs, it fits easily into existing enterprise ecosystems. Additionally, it complies with global industry standards and offers flexible hosting options, making it adaptable to various regulatory and operational requirements.

Description

Start by defining your objectives clearly. Next, identify the potential risks associated with those objectives. After that, assess and prioritize these risks based on their potential impact and likelihood. Evaluate them against your established risk tolerance levels to understand which ones require immediate attention. Subsequently, determine appropriate responses to each identified risk and implement those strategies effectively. Ensure that you communicate and consult with relevant stakeholders throughout this process. Continuously monitor the situation and seek opportunities for improvement over time. Once you have compiled the risks into a risk register, positioning them on a heat map becomes straightforward! Just select the risk code and drag it to the corresponding location on the heat map. The X and Y axis values will be recorded automatically for your convenience. Additionally, you can easily reposition risks within the risk heat map or matrix by simply dragging and dropping them to their new spots. The Risk Heat Map, also known as the Risk Matrix, features a streamlined design that can be utilized during board briefings or meetings of the enterprise risk management committee. This solution is built with remarkable flexibility, offering various display options to suit different needs. You can create and customize multiple heat maps, each incorporating distinct filtering criteria or visual attributes, to better align with your specific requirements. This level of customization allows for a more tailored approach to risk management that can adapt to evolving organizational needs.

API Access

Has API Yes 

API Access

Has API No 

Screenshots View All

Screenshots View All

Integrations

Microsoft Excel Yes 
Microsoft Project Yes 

Integrations

Microsoft Excel No 
Microsoft Project No 

Pricing Details

No price information available.
Free Trial No 
Free Version No 

Pricing Details

$3500 per year
Free Trial No 
Free Version No 

Deployment

Web-Based Yes 
On-Premises Yes 
iPhone App Yes 
iPad App Yes 
Android App Yes 
Windows Yes 
Mac Yes 
Linux Yes 
Chromebook Yes 

Deployment

Web-Based Yes 
On-Premises No 
iPhone App No 
iPad App No 
Android App No 
Windows No 
Mac No 
Linux No 
Chromebook No 

Customer Support

Business Hours Yes 
Live Rep (24/7) Yes 
Online Support Yes 

Customer Support

Business Hours Yes 
Live Rep (24/7) No 
Online Support Yes 

Types of Training

Training Docs Yes 
Webinars Yes 
Live Training (Online) Yes 
In Person Yes 

Types of Training

Training Docs Yes 
Webinars No 
Live Training (Online) No 
In Person Yes 

Vendor Details

Company Name

Riskonnect

Founded

2007

Country

United States

Website

riskonnect.com/solutions/active-risk-manager/

Vendor Details

Company Name

visualiserisk

Website

www.visualiserisk.com

Product Features

Audit

Alerts / Notifications Yes 
Audit Planning Yes 
Compliance Management Yes 
Dashboard Yes 
Exceptions Management Yes 
Forms Management Yes 
Issue Management Yes 
Mobile Access Yes 
Multi-Year Planning Yes 
Risk Assessment Yes 
Workflow Management Yes 

Compliance

Archiving & Retention Yes 
Artificial Intelligence (AI) No 
Audit Management Yes 
Compliance Tracking Yes 
Controls Testing Yes 
Environmental Compliance Yes 
FDA Compliance Yes 
HIPAA Compliance Yes 
ISO Compliance Yes 
Incident Management Yes 
OSHA Compliance Yes 
Risk Management Yes 
Sarbanes-Oxley Compliance No 
Surveys & Feedback Yes 
Version Control Yes 
Workflow / Process Automation Yes 

GRC

Auditing Yes 
Disaster Recovery Yes 
Environmental Compliance Yes 
IT Risk Management Yes 
Incident Management Yes 
Internal Controls Management Yes 
Operational Risk Management Yes 
Policy Management Yes 

Integrated Risk Management

Audit Management Yes 
Compliance Management Yes 
Dashboard Yes 
Disaster Recovery No 
IT Risk Management Yes 
Incident Management Yes 
Operational Risk Management Yes 
Risk Assessment Yes 
Safety Management Yes 
Vendor Management Yes 

Project Management

Agile Methodologies No 
Budget Management No 
Client Portal No 
Collaboration Tools No 
Cost-to-Completion Tracking No 
Customizable Templates No 
Gantt Charts No 
Idea Management No 
Kanban Board No 
Milestone Tracking No 
Portfolio Management No 
Resource Management No 
Time & Expense Tracking No 
Traditional Methodologies No 

Risk Management

Alerts/Notifications Yes 
Auditing Yes 
Business Process Control Yes 
Compliance Management Yes 
Corrective Actions (CAPA) Yes 
Dashboard Yes 
Exceptions Management No 
IT Risk Management Yes 
Internal Controls Management Yes 
Legal Risk Management Yes 
Mobile Access Yes 
Operational Risk Management Yes 
Predictive Analytics Yes 
Reputation Risk Management Yes 
Response Management Yes 
Risk Assessment Yes 

Product Features

Financial Risk Management

Compliance Management No 
Credit Risk Management No 
For Hedge Funds Yes 
Liquidity Analysis No 
Loan Portfolio Management No 
Market Risk Management No 
Operational Risk Management No 
Portfolio Management No 
Portfolio Modeling No 
Risk Analytics Benchmarks No 
Stress Tests Yes 
Value At Risk Calculation No 

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