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What is vRisk?
Begin by clearly articulating your objectives, followed by identifying the potential risks linked to those goals. Next, evaluate and rank these risks according to their likelihood and potential impact on your objectives. Compare these risks against your predefined risk tolerance levels to pinpoint which ones necessitate urgent attention. After prioritization, devise suitable strategies for each identified risk and ensure their effective implementation. It is crucial to maintain open communication and consult with all relevant stakeholders throughout this process. Regularly monitor the situation and strive for continual improvement as time progresses. Once you have organized the identified risks into a risk register, visualizing them on a heat map becomes a simple task! You just need to pick the risk code and drag it to its designated spot on the heat map. The X and Y axis values will be logged automatically for your ease. Furthermore, repositioning risks within the risk heat map or matrix can be done effortlessly by dragging and dropping them to their new locations. The Risk Heat Map, or Risk Matrix, boasts an efficient design suitable for board meetings or sessions held by the enterprise risk management committee. This solution provides significant flexibility, allowing for multiple display options tailored to various requirements. You have the ability to create and personalize different heat maps, each with unique filtering criteria or visual elements, ensuring they meet your specific needs. This degree of customization enables a more focused approach to risk management that can readily adapt to the changing demands of your organization while enhancing the overall effectiveness of your risk mitigation strategies.
What is Riskonnect Active Risk Manager (ARM)?
Riskonnect Active Risk Manager is an enterprise-grade risk management platform that delivers a unified view of risks across projects, programs, and enterprise portfolios, enhancing organizational decision-making and operational resilience. It enables users to visualize upstream and downstream risk impacts and identify relationships between individual risks to manage cumulative exposure effectively. The software aggregates data from diverse sources to identify trends, spot growing threats, and support strategic risk mitigation initiatives. It provides comprehensive analytical tools such as bowtie cause-and-effect analysis, heat maps, risk registers, job safety analysis, and schedule and cost impact assessments. Active Risk Manager promotes collaboration by allowing users to share relevant risk information securely and align mitigation activities with project objectives. The platform optimizes resource allocation for contingencies, leveraging predictive analytics to ensure funds are used efficiently without excess. It supports automation of the risk lifecycle, streamlining administrative tasks, and allowing easy configuration changes for quick go-live. API integrations enable seamless connectivity with other business systems like data warehouses and visualization tools, enhancing the overall risk management ecosystem. Designed to meet rigorous industry standards including ISO 31000, COSO, PMBOK, and others, it supports both cloud and on-premises deployments tailored to customer requirements. This flexible, scalable solution empowers organizations to improve risk awareness, reduce disruptions, and achieve successful project delivery on time and on budget.
Integrations Supported
Microsoft Excel
Microsoft Project
API Availability
Has API
API Availability
Has API
Pricing Information
$3500 per year
Free Trial Offered?
Free Version
Pricing Information
Pricing not provided.
Free Trial Offered?
Free Version
Supported Platforms
SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux
Supported Platforms
SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux
Customer Service / Support
Standard Support
24 Hour Support
Web-Based Support
Customer Service / Support
Standard Support
24 Hour Support
Web-Based Support
Training Options
Documentation Hub
Webinars
Online Training
On-Site Training
Training Options
Documentation Hub
Webinars
Online Training
On-Site Training
Company Facts
Organization Name
visualiserisk
Company Website
www.visualiserisk.com
Company Facts
Organization Name
Riskonnect
Date Founded
2007
Company Location
United States
Company Website
riskonnect.com/solutions/active-risk-manager/
Categories and Features
Financial Risk Management
Compliance Management
Credit Risk Management
For Hedge Funds
Liquidity Analysis
Loan Portfolio Management
Market Risk Management
Operational Risk Management
Portfolio Management
Portfolio Modeling
Risk Analytics Benchmarks
Stress Tests
Value At Risk Calculation
Categories and Features
Audit
Alerts / Notifications
Audit Planning
Compliance Management
Dashboard
Exceptions Management
Forms Management
Issue Management
Mobile Access
Multi-Year Planning
Risk Assessment
Workflow Management
Compliance
Archiving & Retention
Artificial Intelligence (AI)
Audit Management
Compliance Tracking
Controls Testing
Environmental Compliance
FDA Compliance
HIPAA Compliance
ISO Compliance
Incident Management
OSHA Compliance
Risk Management
Sarbanes-Oxley Compliance
Surveys & Feedback
Version Control
Workflow / Process Automation
GRC
Auditing
Disaster Recovery
Environmental Compliance
IT Risk Management
Incident Management
Internal Controls Management
Operational Risk Management
Policy Management
Integrated Risk Management
Audit Management
Compliance Management
Dashboard
Disaster Recovery
IT Risk Management
Incident Management
Operational Risk Management
Risk Assessment
Safety Management
Vendor Management
Project Management
Agile Methodologies
Budget Management
Client Portal
Collaboration Tools
Cost-to-Completion Tracking
Customizable Templates
Gantt Charts
Idea Management
Kanban Board
Milestone Tracking
Portfolio Management
Resource Management
Time & Expense Tracking
Traditional Methodologies
Risk Management
Alerts/Notifications
Auditing
Business Process Control
Compliance Management
Corrective Actions (CAPA)
Dashboard
Exceptions Management
IT Risk Management
Internal Controls Management
Legal Risk Management
Mobile Access
Operational Risk Management
Predictive Analytics
Reputation Risk Management
Response Management
Risk Assessment