Identifying what and where a risk resides within the organization can often be extremely challenging. EPC offers risk analysts and auditors with clear end-to-end process visibility which in-turn simplifies the vexing effort of risk identification and evaluation.

Organizations can asses and document the severity of the same risk’s potential impact and likelihood based on individual tasks’ and/or processes. Process and task individual gross and residual risk evaluation allows the organization to integrate risk control strategies into daily operations and adjust control levels based on risk appetite vs. control cost analysis.

A documented control brings no value to the organization if employees are not communicated the specifics of when and how to conduct such control. Control is not just for compliance; the EPC integrates the control as part of the business process, clarifying and communicating the objective, importance and procedure to implement such control to those responsible across the organization. Employees that better understand why actions are performed ensures consistent execution of otherwise inefficient or redundant tasks at times.

The all-inclusive Risk module allows users to analyze, quantify, and manage risks, as well as to plan corrective and preventive actions (CAPA) accordingly. In this tab, users can: input the causes & effects of the risks, edit gross risk to assess impacts of risks, assign controls to risks to tie risks to processes, edit residual risk and override roll-up calculation to determine real life impact of risks after relevant mitigation. Besides risk assessment, the EPC provides users with the ability to analyze the relationship that risks have with controls and processes. Users can associate risks to processes by assigning controls directly to risks, which will in return allow users to mitigate how the risks affect the organization.

Users save time and the risk of redundancy because a single risk and control can be modeled onto several objects simultaneously. This avoids the risk of lost energy, time and money when repeatedly evaluating different instances of the same risk or control.

Users save time and the risk of redundancy because a single risk and control can be modeled onto several objects simultaneously. This avoids the risk of lost energy, time and money when repeatedly evaluating different instances of the same risk or control.

Our risk editing feature allows users to edit gross risk per process and net risk per control on process, add specific controls per process, and override roll-up calculation per process.

After assigning controls to risks, users can get an automatic risk roll-up score generated by the EPC. Our algorithm will generate a priority score, a new score for the control, a % of gross score, and an updated residual risk score, making the EPC a more powerful risk scoring and analytic risk management tool for your organization. Furthermore, the EPC includes detectability variables to risk calculation and net risk roll-up control score in order to better reflect the impact of risks and understand the relationships between risks and processes. Using detectability to produce a 3-dimentional score is not mandatory but will further enhance your assessment to risks.