Proactive Decision Making by Managers

Risk and Governance Management from InPhase encourages your managers and front-line staff to make a cultural shift from "fire-fighting" and "crisis management" to proactive decision making, avoiding problems before they arise.

Anticipating what might go wrong and working out how to mitigate this becomes a part of every day business, and the management of risks becomes integral to the management of the business.

Implementation

When implemented the InPhase way, either as a stand alone solution or as an integrated part of the Business Improvement Suite, risk management will reduce not only the likelihood of an event occurring, but also the magnitude of its impact.

InPhase Risk shows your users how to:

• Assess continuously what could go wrong

• Determine the priority of the risk

• Work out its Business Impact

• Essentially users can also assess the financial implications and how to manage and implement strategies to deal with those risks.

Data

InPhase Risk enables your managers to capture all types of risk, including corporate and service based risks in a single system.

This enables you to see aggregated risk data including:

• Total Cost of Mitigation

• Total Risk Liability

• Detailed Analysis From Simple Initial Screens

This holistic approach is supported at all levels of the business to see the cumulative impacts your organisation might face. Whether this is large scale risk mitigation such as preventing industrial accidents, through to the specific risk identification, analysis and responses throughout the life of an individual project. 

Make, capture and track the mitigating actions and controls easily using a simple RAG assessment; so that it’s engaging and fun for all the users.  Ensuring this operational data feeds straight into the risk registers will deliver efficiency in your risk deployment.

Analysis

Pre-configured for the majority of your business needs from day one, ensures a smooth, trouble free and low resource implementation.

Detailed reports and analysis shipped out of the box in the InPhase risk solution include:

• Risk categorisation to support further analysis and prioritisation of resources to the risk, including capital and revenue based resources... and even people time.

• Risk prioritisation, ensuring that areas of high risk can be addressed earlier to ensure that services to the community or customer base are not impacted.

• Risk reports showing risks that exist, that you are prepared to tolerate and won’t mitigate further.

• Inherent, current and target risk levels using the inbuilt risk matrix, which can also be configured to meet your particular needs.

• Action Plan reports so you can make sure the right actions are being undertaken to mitigate one or many risks simultaneously.

• Commentary and status update reports so Senior Managers can quickly see the operational activity of the business.

The InPhase risk approach essentially brings Budget Management into the integrated view, ensuring that the organisation is getting the maximum return on its investment in resources. Users can even compare the cost of mitigation versus the cost of the risk happening, ensuring you are considering business efficiency in the risk process.

The stand alone offering within the App delivers immediate value to the organisation in all aspects of Risk Management, however this can be extended and maximised by the integration with the wider Business Improvement Suite if desired.