Overview of Risk Manager

The Risk Manager app in Diligent One helps you to identify, assess, and score all the risks and controls in your organization. Use the Risk Manager app to incorporate an end-to-end risk management solution into your organization's existing workflows.

In addition to the Risk Manager app, you can manage risks and controls using the Projects app. While the Risk Manager app helps you to manage the IT or third-party risks, you can still continue to use the Projects app to manage the risks and controls for your audits.

Key features

Here are the key features of Risk Manager:

• Manage your risks and controls Create and manage your risks and controls from one location.
• Create risk relationships and hierarchy Create a hierarchy of risks and relate them to other risks, controls, organizations, assets, processes, and relevant entities.
• Assess your risks and controls Perform risk assessments to determine the likelihood and consequences of a risk event and perform control assessments to evaluate the effectiveness of a control.
• Determine risk scores Calculate risk scores based on impact and likelihood of a risk.