Good and proper Risk Management is not a tick-the-box exercise, but rather a business value exercise.
Many teams still review and update their Risk profile on a periodic basis, with a spreadsheet or distributed tool approach, accompanied with a 'tick-the-box' mindset. The lapse between each period and the quickly changing threat landscape results in Risk data gaps, lack in transparency and an inaccurate representation of an organisation's Risk exposure and Risk appetite.
At Alyne, we like to flip that thinking around. Good and proper Risk Management can provide your organisation with tremendous value, enabling you to not only meet compliance requirements easily (i.e “ticking that box”), but can help to truly gain value from the process to ultimately serve the wider business. When conducted well, you gain clarity on your Risk posture and understand your business better.
Risk Management should no longer be an obstacle, but rather a critical process that enables the business to succeed.
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Alyne's six-step approach: End to end Risk Management
1. Define Context
Define Risk bearing capacity and Risk appetite, then determine hierarchies and organisational levels.
2. Identify Risks
Leverage predefined Risk scenarios paired with an easy RCSA process, facilitating Scenario Analysis where appropriate and meaningful.
3. Qualify Risks
Understand the root cause of identified Risks, classify by category and calculate impact and probability based on Risk scenarios and maturity deviations.
4. Quantify Risks
Calculate Value at Risk (VaR) using Alyne's built in Risk Loss Estimate Calculator.
5. Manage Risks
Manage Risk exposure vs Risk appetite through prioritisation of Risk Mitigation measures.
6. Aggregate Portfolio
Run Monte Carlo simulations across Risk portfolio to calculate Value at Risk and export results for board-ready reporting.
Let us calculate Alyne's time and cost saving benefits for your organisation.
Alyne's Business Case Builder spans a range of dependent factors and various types of costs calculated over a comparable time frame in order to achieve real transparency. Let an Alyne Expert assist you in obtaining a good overview of the business case, and your potential cost and time saving benefits in using Alyne.