What is Enterprise Risk Management Software?
Definition: Risk management can be stated simply as setting action plans in the face of uncertainty by first understanding and issues related to risk, loss or other incident that can negatively effect your business. Define Risk Management Software: Software that manages risk from the top down, utilizing state of the art interfaces and sophisticated reporting. This tool can look at your operations from an angle previously unattainable to determine past, current and future risk, thus allowing you to take preventative action to mitigate the possibility of injury or loss. And in doing so, recognize the changes that need to be made to lower risk and maximize your ROI. Project Risk Management Software: DataPipe has the tools to analyze and identify risk in your organization. Look at data such as injuries, accidents, spills and releases and much more over years or decades to see where your greatest loss dollars come from. Then, once you identify these areas, you can take steps to mitigate fut