Risk management
With EQS Risk Management you can identify potential risks, assess the likelihood of their occurrence, consider the consequences of them and prepare actions to mitigate the risks.
Visualization of the risks in a risk matrix gives you an overview of all the threats. It shows you which ones are the most critical and thus the ones that should be prioritized. EQS Risk Management supports ISO 31000 and most standards in accordance with regulatory requirements for Risk Management.
Key features
- Support to identify and register risks as elements of risk
- An element of risk is a description of a risk
- Each element of risk is assessed in relation to a risk area
- For the defined risk areas in the system, it is possible to put in assessment of potential events and consequence
- A registered element of risk is handled by a risk administrator, who makes further judgment of probability and consequence related to the element of risk
- Each element of risk can be linked to actions
- As corrective and preventive actions are performed, the assessment of the risk element is changed
- Elements of risks are version controlled
- A selection of risk elements can be made, and a risk profile can be visualized by a risk matrix
- Both the risk matrix and the data can be stored
- Related documents might be linked as to show the context of the risk assessment and/or the complete plans of action for identified risks
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