Risk Management Module

risk management softwareAssess and manage exposure with tools built for medium/large enterprises. Identify and assess risks; track hazards and mitigation; more. Proactive alerts. Fast implementation. Success since 1981. Chosen by top brands over Oracle, IBM, Accenture.


 

SCREENSHOT

risk management software

Sample screenshot: Risk Module - Risk Control Measures. Watch recorded demo/ request demo »

A formal ISO31000 framework for Enterprise Risk Management that allows your organisation to better identify, assess, control and mitigate all forms of risk throughout  all levels of the organisation.

Both potential and actual risks are tracked in real time through enforced reviews, automatic event notification, assessment templates, and multiple Risk Calculators, all in a hierarchical structure that provides both upward consolidation and drill down facilities to deliver a true ISO3100 Enterprise Risk Management.

FastTrack.net’s neural-network architecture lets you apply advanced risk management practices through all corporate levels.

Risk Identification

Hazard Logs provides a system for anyone to lodge an identified existing Hazard requiring attention, either directly or via a web portal. Lodgment initiates electronic workflows that notifies and escalates rectification actions and control measures. Ease of notification and ability of an anonymous report simulates greater awareness and investigation of risks producing a safety work environment and thereby greater productivity. This proactive feature is available in all Risks including Business, Process, Security, etc.

Risk Assessment

Fast Track Risk Assessment provides a comprehensive system for identification, assessing, allocating control items and control measures and reporting and scheduling ongoing reviews of risks. The hierarchical structure allows for categorization and consolidation of risk across the enterprise. Automatic reporting of high risk provides greater confidence and allows for quicker mitigation of risks. Scheduling and reminders ensure continuing focus on risk in the longer term. Structured assessment tools provide consistency across Depts. and across changes in personnel allowing greater reliability of data.

Fast Track’s 4 dimensional Risk Calculator allows users definition of scales and ratings per area. Even the business rules for calculation and weighting are user definable by area. This allows different calculators for OHS, Environment, Process, etc. Extending the calculator to 4 dimensions allows inclusion on indirect effects such as political or press involvement produces a real world rating and there greater operation acceptance of the Risk Management framework.

Risk Hierarchy of Control

Hierarchy of Control allows for user definable lists of all control categories for risk mitigation in the workplace/organisation including equipment, processes, environment, safeguards, etc. Having a repository of Control Items allows for more efficient use of resources and better cost control on mitigation.

Risk Mitigation

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.

Customer review

risk management software

"It was quite clear that we needed to make a change to commercial quality management software in 1999... and we do not regret the specific selection of Fast Track." - CORPORATE CLIENT

Resources 

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