Getting to Know Risk Management

You can use risk management to focus on relevant positions within your company's process landscape and help you improve processes.

Purpose

Creating Chances and Risks

Risk Management in Bpanda identifies chances, risks and controls within processes.

A potential catching event is used to depict a  risk which can have a negative effect on the process and/or its events.

A potential catching event is used to depict a  chance which can have a positive effect on the process and/or its events.

 Controls are used for keeping an overview of all current relevant strengths and weaknesses within the process landscape.

What do you use risk management for?

  • Identifying chances and risks for the entire process and individual process elements, e.g. introducing new technologies or implementing standards and legal requirements.

  • Consistent and transparent reviewing for identifying risks and chances

  • Controlling essential risks and chances within the company process landscape.

Bpanda helps you to create a comprehensive and uniform documentation for process risks and chances, as well as focused control progression.

What has risk management got to offer in Bpanda?

  • Process Owners can review processes and their elements based on risks and chances, as well as set regular controls so that they always have an up-to-date overview of the current relevant strengths and weaknesses of their processes.

  • The dashboard gives the Risk Manager an overview of all chances and risks. ​

  • You can create risks and chances and their controls directly in the tool. Everyone involved in the process can always see the most up-to-date review for chances and risks.

  • Icons depict chances and risks at the process and relevant process elements. This makes an overall assessment of processes easier and it is also easier to control individual process elements.

  • Regular controls of important chances and risks for processes allow the persons responsible for them continuous examination within the process landscape.

How to Navigate to Risk Management Functions

Risk Management

The Risk Management page is available to Risk Managers and BPM Managers and can be accessed via the  main menu. It contains information about risk management in the process space.

The page contains various information split into tabs.

  • Dashboard

    Shows menus and tiles containing information about the state of the risk analyses, risk relevance, data entry matrix, risk categories, control review states etc.

  • Control Review

    This tab gives you information about the overall rating, controls without review and the review criteria "Realization", "Design", "Efficiency" and "Adequacy" for the controls.

  • Comparison

    You can compare risk analyses from various points in time with regard to the data entry matrix, risk categories and control reviews.

  • Templates

    Templates make it easier to create uniform risks and chances. Process Owners can save and create templates here. They are then available for the Process Owner when creating a risk analysis.

Process Page

Process Owners can access process-related risk management functions in the Risk Analyses section on the process page.

The  Analyze Risks command opens the risk analytics for the process.

It contains commands for creating and editing risks or chances for the process and its elements. You can use templates to help create risks and chances.