Enterprise Risk Management
FastTrack.net’s Risk Management module covers: Corporate Risks OHS & Environmental Risk Process Risks Security Risks Hazard Management In addition, FastTrack.net’s neural-network architecture allows the applying of advanced Risk Management practices widely through all corporate management practices. Imagine in the fields of Process Management, Contracts, Skills and Training or Equipment Management, using survey and assessments techniques, multi-dimensional Risk Calculator for rating of priorities, HACCP monitoring of processes, and measuring the degree of improvement in changes to processes or situations. Fast Track’s flexibility will also allow you to change all corresponding drop down menus, screen field names etc.
The ability to aggregate risks provides for high level management of resources. Having a formal framework for Risk Assessment allows delegation of assessment and therefore a wider appreciation of risk on the operational environment.
- Hazard log with workflow
- Risk Assessments with review schedules
- Control Measures & mitigation
- Preliminary & Residual Risk Rating
- 4 Dimensional Risk Calculator (includes Age & Sensitivity)
- Analysis by Cause and Impact
- Hierarchical Structures with rollup
Risk Control Measures
Control Measures are workflow based tasks for implementing Control Items and/or Risk Mitigation on identified Hazards and Risk Assessments.
The automatic workflow notification, reminders, and escalations ensure control items and control measure on fully implemented. With the Workflow including reassessment of the Risk, Fast Track creates an environment for Continuous Improvement and Mitigation.