Risk voting exercises are a proven best practice for enhancing the quality of risk assessments, promoting transparency, and fostering risk ownership among business leaders. The Essential Platform provides an intuitive and enjoyable experience for your participants, while eliminating tedious manual tasks, so that risk managers can configure, launch, and analyze risk votes with only a few clicks.
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Voting features are integrated into Essential ERM, so that risk managers can filter and select from their risks to configure and launch a vote in seconds. Respondents do not need prior training or access to the Essentials platform to participate. Voters can provide their responses through simple, intuitive input windows from their mobile phones or other devices. Results are automatically tabulated and displayed in real-time, with on-screen and exportable reports. Results are automatically linked to risks, allowing risk managers to use them as justification for risk scoring, prioritization, and mitigation activities.
By involving diverse stakeholders, risk votes improve the accuracy of risk scoring and prioritization, while creating a sense of risk ownership among vote respondents. Risk votes can be launched and executed in live group workshop sessions (in-person or online) to allow for interactive dialogue and real-time voting feedback. Alternatively, votes can be enabled for up to one month at a time. Respondents can provide their input wherever and whenever suits them best, with vote managers exporting and sharing results afterwards. Responses can be anonymous or identified by the respondent.
Essential ERM empowers internal risk managers to administer and analyze risk votes like a pro. External risk consultants can also use Essential voting features in their consulting engagements, through our flexible subscriptions for service providers. As a risk consultant, you can use automation to eliminate wasted time spent setting up survey applications and manipulating spreadsheets. Focus your time on value-added activities with your clients, while supporting your your brand with modern technology.
Join businesses across various industries that have enhanced their enterprise risk management program with Essential ERM.
