Enterprise Risk Surveys
Online Risk Survey Solutions for Running Businesses Successfully
Online Enterprise Risk Survey Solutions Providing
Information and Insight for Managing and Mitigating Risks
Online Enterprise Risk Mitigation Survey Overview
Running a company is a risky proposition. Too much risk can be very costly, particularly when things go wrong. Too little risk can also be very costly, especially when smart risks are being avoided or too much money is being spent to limit risks.
Significant risks are often hidden or ignored by organizations. The best way to identify and assess these hidden and ignored risks is to conduct an online risk survey of managers at all levels of the organization. Quantisoft's Online Business Risk Assessment Surveys/Online Enterprise Risk Management Surveys collect risk information and insight from managers and consolidate it by business unit and organization-wide.
Companies need a clearer understanding of the risks they are taking to protect the physical, financial, human and intellectual assets of their companies. The main goal is not to eliminate uncertainty. Instead, it is to be proactive in assessing and managing risk for your company's advantage.
Online risk mitigation surveys are a critical tool for any successful risk management process. It is all about identifying, assessing and managing a wide range of risks at acceptable levels.
Annual Risk Management Survey Process
Mitigating Risks to Protect Company Assets and Reputation
What risks does your organization face? How do you know?
The Problem facing many organizations today
- Complex and broad risks threatening your business
- Lack of a comprehensive ongoing process that identifies and assesses risks annually, keeping up with a fast-changing business environment
- Limited tools and processes for assessing risks
- Failure to identify and act on risks until it is too late
- Overspending to avoid risks
- Missed opportunities and profit due to excessive avoidance of risks based on guesswork
- Financial losses due to failure to identify and mitigate risks
Online Risk Reduction Surveys ⇒ The Solution for Identifying Risks, Assessing Risk Importance and Risk Likelihood, and Managing Risks Effectively
- Quantisoft's online risk reduction surveys provide the solutions you need for assessing and managing risks at appropriate levels
- Gather information and insight from managers and decision makers across your company
- Connect the dots to understand where to focus risk initiatives
- Hone in on your organization's specific risk assessment needs
- Collect suggestions for identifying and managing risk
- Our standard Business Risk Assessment Survey/Enterprise Risk Management Survey includes over 76 risk questions in the following ERM survey categories:
- Strategic
- Financial
- Compliance
- Human Resources
- Information and Technology
- Operational
- Sales, Marketing and Products/Services
- Health and Safety
We customize the questions to meet your company's special needs, adding or deleting and revising questions as required.
ERM Survey/Risk Mitigation Survey Metrics
Identifying and assessing risks and then managing the risks at appropriate levels can significantly increase profit and make earnings more predictable and consistent. A few of the many risks that can be identified, assessed and managed using Quantisoft's Online Business Risk Surveys include:
- Risk of costly legal suits from employees, customers and competitors
- Reputational
- Competitor
- Accounting
- Investment
- Economy
- Customer (risk of losing customers, dependence on key customers)
- Insurance (too much or too little insurance)
- Business decision
- Risk of employee turnover
- Hiring
- Product/service
- Innovation/product development
- Risk of lost business due to product and service problems
- Business interruption continuity
- Capacity utilization availability
- Inventory
- Regulatory and legal compliance
- Contract
- Fraud and theft
- Environmental
- Weather
- Health and safety
- Supplier
- Outsourcing
- Technology
- Intellectual property and competitive information risks
- Breach of personal information
- Bias, diversity and abuse
- Management and key employee succession
- Fiduciary
- Facilities
Risk Assessment Survey Reports
Business risk management survey reports include graphs, tabular summary reports and comments reports for your organization overall and by demographics such as department, location, etc. Reports provided with your second and subsequent risk surveys/risk mitigation surveys include trend reports showing data from the most recent assessment with data from your previous risk surveys.
Benefits of Quantisoft's Business Risk Management Surveys
Quantisoft's business risk assessment surveys generate significant bottom-line benefits and a very strong payback. Conducting online ERM surveys requires relatively little effort for your company/organization. Quantisoft provides the questions and customizes the online ERM assessment to meet your specific needs. Depending on the number of questions included, the risk survey typically takes 30 - 60 minutes to complete.
Risk reduction survey participants are usually managers, staff professionals and other key employees across the organization. Some organizations also include their Board of Directors in the assessments and Board participation is usually excellent. Reports are provided for the organization overall as well as by department and other desired demographic criteria.
Benefits include:
- Reducing business risk uncertainty
- Protecting shareholders, customers, management, employees, board members and the community from costly, embarrassing problems and catastrophic events that may threaten profit, reputation and survival
- Raising awareness of business risks across the organization
- Measuring the importance and levels of risks by business unit and across the organization, and tracking trends
- Reducing costs/unexpected financial losses
- Increasing revenue through smart risk-taking
- Assessment comments and suggestions identify actions for achieving breakthrough improvements
- Identifying hidden risks and possible solutions
- Creating a roadmap for making breakthrough improvements
- Focusing managers' energies on the highest payback mitigation opportunities
- Managing risks more effectively
- Strengthening the culture of risk management collaboration and change
- Facilitating smart risk-taking
In addition to Quantisoft's Business Risk Mitigation Surveys, we also conduct other types of surveys that identify and assess business risks related to employees, customers and IT:
