Additional Module
Top Down and Bottom Up Risk Management*
This 1FiCS module is designed as top down, bottom up risk management system which can be configured into templates covering a company’s various business requirements. These templates can cover operational compliance requirements such as quality, environmental, health and safety as well as general corporate risk requirements (eg Sarbanes Oxley and risk reviews such as COSO requirements).
The company can create these individual templates and then apply them to the various operational areas.
Examples of review templates can take the following format:
- Sarbanes-Oxley risk and control review
- COSO risk management
- FMEA risk matrix
- Quality control plans
- Environmental improvement plans
| Features: | Benefits: |
- Company wide policy development with template support and real time monitoring
| - Risk reduction managed with company wide policies
- Speeds business process improvement
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(*The system is under re-development)