The process of risk management starts with establishing the context or environment of the risk, allowing for the identification of the sources or indications of risks, particularly those that are likely to occur. KnowRisk® uniquely provides for a range of standard industry profile contexts that make it easy to get your risk management process under way.
KnowRisk® allows users to compare different types of profile contexts in order to realistically model their organisation's operations. Risk exposures can be aggregated to a context profile and then across different contexts to show the potential effects of a range of risks.
Hierarchies of contexts can be built to distinguish the major areas of risk. For example, there can be separate hierarchies for Human Resources Management, Security, IT Management etc. KnowRisk® is a truly functional enterprise-wide organisation tool.