Enterprise Risk Register and Risk Assessment
Maintain a decision-ready risk universe with consistent taxonomy, cause-event-impact logic, ownership, inherent and residual ratings, trends and review history.
What this solution addresses
Vilfora ERM provides a controlled system of record for enterprise, business-unit, process, product and emerging risks. Each record connects the risk statement to causes, consequences, accountable ownership, assessment criteria, controls, indicators and treatment decisions so leadership can understand both exposure and response.
Different teams describe and score similar risks in inconsistent ways, preventing a reliable enterprise view.
Risk registers contain ratings but lack clear causes, consequences, control relationships and management decisions.
Periodic reviews overwrite prior assessments, making risk movement and rationale difficult to explain.
Included capabilities
Each capability uses the same ownership, workflow, approval, evidence and audit-history foundation as the wider ERM platform.
Configurable risk taxonomy
Define categories, subcategories, principal risks and emerging-risk classifications suited to the organisation.
Structured risk statements
Capture causes, events, impacts, affected objectives, processes, products, locations and legal entities.
Consistent assessment
Apply approved likelihood, impact, velocity and control-effectiveness scales to inherent and residual risk.
Ownership and review
Assign risk owners, reviewers and approvers and retain the complete review and challenge trail.
Heat maps and profiles
Aggregate exposure by category, business unit and rating with drilldown to the supporting risk records.
A governed end-to-end workflow
Identify
Capture a new or changed risk against the enterprise taxonomy and affected objectives.
Assess
Score inherent exposure using approved criteria and document the assessment rationale.
Map
Connect controls, indicators, incidents, obligations and related risks.
Evaluate
Determine residual exposure, treatment response and escalation requirements.
Review
Approve, monitor and periodically reassess the risk while preserving movement history.
Who this solution supports
Outcomes the operating model is designed to support
Comparable risk assessments
Traceable rating rationale
Live enterprise risk profile
Clear treatment and escalation decisions
See risk register and assessment in Vilfora ERM.
We will focus on the records, participants, approvals, evidence and reporting decisions relevant to your operating model.