Action Plans
Action Plans in the context of Enterprise Risk Management (ERM) refer to structured, task-oriented strategies embedded within the software to address identified risks. These plans outline specific actions, assign responsibilities, set deadlines, and define measurable outcomes to mitigate, transfer, or eliminate risks. By providing a clear framework for response, action plans help ensure timely and effective risk treatment while promoting accountability across teams. This feature allows organizations to monitor progress, track the status of mitigation efforts, and evaluate the effectiveness of risk responses. In ERM, action plans are critical for turning risk insights into concrete, results-driven initiatives aligned with organizational objectives.
