Risk management visualisation with Predict! 5.2
Posted 28 November 2017
by Charlotte Mellor
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Risk Decisions has today launched its latest version of Predict! 5.2. The new platform has been designed to enable users to visualise the effectiveness of risk management, allowing them to demonstrate the value of risk to their organisations.
Understanding risk management effectiveness
Predict! 5.2 picks up where its previous version, released in April of this year, left off, creating a seamless, user-led experience to drive risk engagement throughout organisations. Its enhanced capability supports trend reporting, bulk updating and easier user management. Users can now decide the best way to spend budgets as well as cost-effectively manage risks through shared action strategies.
Creating a full picture of risk
Predict! 5.2’s new trend reporting capability enables managers to provide the full risk picture that senior leadership teams need to increase confidence and act effectively. This broader visibility also supports analysis of larger risk models and the ability to import and analyse OPP plans. Leaders can now be more proactive around risk within their businesses, with senior managers benefiting from this engagement. It’s also simplified the way users can keep risks current and relevant.
The shared action strategies bring a more cohesive opportunity to how users engage with risk too, potentially transforming the way organisations approach risk. Bulk updating simplifies use – post-risk review updates previously took 2-3 hours, will now be sorted in a matter of minutes. Thus allowing risk managers to direct their energy towards more value-add, strategic activities that will ultimately drive successful risk engagement.
Making risk simple
Customer experience is at the core of Predict! 5.2 with Risk Decisions looking to bridge the gap between how leadership and risk managers communicate and take risk strategies forward.
Lesley Goodchild, Risk Governance Manager at Land (UK) BAE Systems comments, “Predict! 5.2 opens up how you engage with risk management. It allows you to do more with your data and expand your thinking into risk matters and analysis. Because it’s so much easier to use, the appetite to use the toolset is increasing within the business.”
Global Business Development Director Fiona Racher added, “User experience is at the heart of Risk Decisions’ technology so ease of use, engagement and customer journey are built into the platform. Being able to visualise risk management effectiveness takes Predict! to a new level, as we look at ways to connect risk right across an organisation. We’re looking forward to continue collaborating with our customer community to make this happen.”