Nils: There is a need for closer cooperation between those who work with information, financial issues, security, and sales, so that everyone has the same understanding. Different business units understand their own risks – and it can quickly turn into an internal battle over which risks should be prioritised and worked with.
What type of benefits can the Exonaut® software bring to risk planning?
Josefin: Exonaut Risk Manager is a well-established digital solution that has been in use for many years. The system delivers a structured, systematic and integrated approach to project-based and enterprise-wide risks, in accordance with the ISO 31000 standard. It’s intuitive and easy to work with providing users with a clear overview of the risk landscape, visualised by probability, consequence and treatment status. Based on this, you can conduct impact assessments and the treat the most severe risks through control programs and other mitigation measures. The risks you should focus on are those that are both likely to happen and have major consequences if they occur.
When doing such an assessment you also need to look at low probability risks which, if they occur, will lead to major consequences. For example, if the company will go under due to a particular event – you need a plan to counter this event, even if it is unlikely to happen.