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What is Riskion?

Riskion® is Expert Choice's all-encompassing risk management tool designed for organizations that require more than simple or spreadsheet-based risk evaluations. It implements a structured and systematic framework to identify risks, their root causes, related events, and possible consequences across the organization, employing mathematically sound, ratio-scale assessments rather than just conjecture. By promoting collaborative contributions from stakeholders, it enables decision-makers to leverage the collective knowledge and see the relationships between various risk factors, triggers, and mitigation approaches. Additionally, Riskion allows for the evaluation of events with both low and high probabilities, supports scenario analysis, and enhances resource allocation for efficient risk management. The inclusion of visual elements, like "bow-tie diagrams," effectively illustrates risk pathways and exposures. Furthermore, Riskion seeks to improve accountability, provide trustworthy risk evaluations, and simplify decision-making processes by reducing uncertainty and enhancing clarity within the organization. This ultimately empowers teams to proactively address potential challenges and adapt to evolving risk landscapes.

What is RiskOrganizer?

Lacking a specialized risk management toolset can lead to a significant drain on both time and resources, while also compromising the overall effectiveness of managers involved. To assess your current circumstances, consider utilizing the Value of Integration checklist to ascertain the necessity of a toolset for your operations. Acknowledging the significance of such a toolset is the first step; the following action should be to select the one that aligns best with your unique requirements. This brochure provides an outline of RiskOrganizer, enabling you to compare it with other options that are present in the market. Successful risk management starts with an individual assigned to a specific objective, who is simultaneously responsible for monitoring the risks that could hinder that objective. This role is typically fulfilled by a Project Manager or another team member who must verify the data's accuracy and reliability. The management interface is designed specifically for risk managers, emphasizing various treatment options. Treatment filters are crafted to incorporate the owners of particular treatments, which promotes targeted communication and discussions among the relevant team members as needed. By adopting an appropriate toolset, you can significantly improve collaboration and optimize risk management processes, paving the way for more effective project outcomes. Ultimately, investing in the right tools can lead to a more proactive approach in identifying and addressing risks before they escalate.

Media

No images available

Media

Integrations Supported

Additional information not provided

Integrations Supported

Additional information not provided

API Availability

API Availability

Pricing Information

$6,000/month
Single Seat: $6,000/month

Pricing Information

$49 per user per month

Supported Platforms

SaaS
Windows
Mac

Supported Platforms

SaaS

Customer Service / Support

Web-Based Support

Customer Service / Support

Standard Support
Web-Based Support

Training Options

Online Training

Training Options

Documentation Hub

Company Facts

Organization Name

Expert Choice

Date Founded

1983

Company Location

United States

Company Website

www.expertchoice.com/riskion/

Company Facts

Organization Name

RiskTools

Company Location

Australia

Company Website

www.risktools.com.au

Categories and Features

Decision Support

Not specified

Risk Management

Not specified

Categories and Features

Risk Management

Business Process Control
Internal Controls Management
Risk Assessment

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