Who are some of the stakeholders?

Managers can now be held liable for incorrect reporting of their business operations. As well as fines, managers risk jail time in serious cases, and ignorance is no longer a valid defense.

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What is Risk Management?

• In light of the Sarbanes-Oxley and Clinger-Cohen acts, companies are now held to higher standards of accountability. Adequate record keeping, and internal controls that can be demonstrated to be 'fit for purpose,' are now essential.



• Risk management examines political, social, economic and engineering factors to identify any relevant risks or hazards. Internal processes are checked for compliance to regulatory requirements. Reporting processes are checked for optimal regulatory responsiveness and hazard avoidance.



• Essentially risk management is the combination of three steps: risk identification; introduction of risk controls, and constant monitoring.

Why do you need Risk Management?

• For managers to control risk / reward ratios.



• Regulatory Operational Risk Reporting.

How does Envision® assist Risk Management?

• Create an ENVISION visualization of the tangible and intangible assets of the Corporation. This can be used to see "the big picture" and enable managers to drill down to see the detail where necessary.



• Web-Publish your business reports for easy viewing by everyone who needs to see them.



• Publish common operations manuals to ensure your teams comply with corporate policies



• Create risk assessments on any part of your operations.



• Run simulations of processes to optimize for effectiveness, cost containment, and risk mitigation.



• Use Envision to document existing business processes, identify areas of potential improvement, and manage changes to newly optimized business processes.