Risk Identification
Risk Identification in the context of Enterprise Risk Management (ERM) refers to the process enabled by the software to systematically detect and document potential risks that could affect an organization’s objectives. This feature allows users to capture risks from various sources, including internal operations, external environments, audits, and stakeholder inputs. It often includes tools such as risk registers, forms, and templates to standardize the collection of risk data. By facilitating early and comprehensive identification of risks, the software helps organizations proactively address potential threats, enhance situational awareness, and lay the foundation for effective risk assessment and mitigation strategies.
