Risk assessments are a critical part of any ERM program, but administering them can easily become a full-time job. While the function of assessments and the data they produce is critical, managing countless email chains and follow-ups, tasks scattered across spreadsheets, and more quickly turns what’s supposed to be an ERM plan into an administrative nightmare.
When drilling down to the frequencies that individuals plans need to be executed, the multiple plan owners, numerous deadlines, detailed approval processes, associated risks and controls, and more, managing all of the moving pieces through PowerPoint or spreadsheet templates becomes impossible.
While developing impactful, scalable, and testable ERM plans can be an undertaking for even the most seasoned professional, with the right tool in place, they can seamlessly go from a reoccurring administrative labyrinth to a streamlined, automated process that can be developed once and then run on its own. See how Origami Risk’s ERM plans feature makes it easy to:
- Create one-time or recurring plans
- Assign plan owners and approves
- Filter risks by regulations, frameworks, controls, and more
In the 2-minute video below, learn just how easy ERM plans can be in Origami's GRC suite.