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Monitoring & Tracking for Risk Management

Automated monitoring & tracking function supporting Risk Management. Part of the Risk Management capability.

Business Outcome

time reduction in risk assessment updates

Complexity:

Medium

Time to Value:

3-6 months

Why This Matters

What It Is

Automated monitoring & tracking function supporting Risk Management. Part of the Risk Management capability.

Current State

(Traditional)

Identify potential risks through data collection and analysis.
Establish risk criteria and thresholds for monitoring.
Implement automated monitoring tools to track risk indicators.
Regularly review and update risk registers.
Generate alerts for any deviations from established thresholds.
Conduct periodic risk assessments to evaluate the effectiveness of monitoring.
Report findings to stakeholders and adjust risk management strategies as necessary.

Characteristics

• Risk Management Software (e.g., RSA Archer, MetricStream)
• Excel
• Email
• Business Intelligence Tools (e.g., Tableau, Power BI)
• ERP Systems (e.g., SAP, Oracle)

Pain Points

⚠ Manual data entry is time-consuming
⚠ Process is error-prone
⚠ Limited visibility into process status
⚠ Limited automation in risk tracking processes
⚠ Inconsistent risk assessment methodologies across departments
⚠ High dependency on manual processes for data collection and reporting
⚠ Challenges in scaling monitoring efforts as the organization grows

Future State

(Agentic)

The Risk Data Collector agent gathers data from various sources and updates the risk indicators in real-time.
The Risk Analyzer agent evaluates the data against established risk criteria and thresholds, generating alerts for any deviations.
The Risk Register Manager agent updates the risk register and documentation based on the analysis.
The Alert Notification Agent sends alerts to stakeholders.
Human stakeholders review alerts and risk assessments, making decisions as necessary.
The orchestrator monitors the entire process, ensuring data integrity and agent performance.

Characteristics

• System data
• Historical data

Benefits

✓ Reduces time for Monitoring & Tracking for Risk Management
✓ Improves accuracy
✓ Enables automation

Is This Right for You?

50% match

This score is based on general applicability (industry fit, implementation complexity, and ROI potential). Use the Preferences button above to set your industry, role, and company profile for personalized matching.

Why this score:

• Applicable across multiple industries
• Moderate expected business value
• Time to value: 3-6 months
• (Score based on general applicability - set preferences for personalized matching)