Strategies drive the overall direction of a company; therefore, one of the top priorities for every organization is to ensure strategies are executed according as planned and in a timely manner. Understanding and preparing for risks that pose a threat to your organization's strategy execution is crucial. To aid in successful strategy execution, you must implement a process to identify, assess, and mitigate any strategic risks that may impact your organization's strategy. Some of these risks include but are not limited to:
- Shifts in consumer demand and preferences
- Legal and regulatory change
- Competitive pressure
- Merger integration
- Technological changes
- Senior management turnover
- Stakeholder pressure
Proper strategy execution requires prioritization of the strategic risks. With the RSA Archer Strategic Risk Management app-pack, your organization will find comfort in a consistent and repeatable process for identifying and mitigating strategic risks, while understanding the level of preparedness against risks that impact your organization's strategies, minimizing the risks for successful strategy execution.
This new app-pack helps you get the most from both the Risk Catalog and the Strategic Planning app-pack. With the RSA Archer Strategic Risk Management you can relate the strategic risks to the strategies defined in the RSA Archer Strategic Planning app-pack to get a holistic view of your organization's strategies and how the strategic risks impact the organization. In addition, the existing Risk Catalog lets you build an inventory of your risks, from the enterprise level down to the operational level through the Risk Register. It allows you to roll-up individual risks into macro-levels for analysis and reporting at the most relevant level. With the addition of the RSA Archer Strategic Risk Management app-pack, you now have another layer of analysis available to you. Once you have identified risks in your hierarchy that tie back to Strategic Risks, you can track them together in the new app-pack while still maintaining the hierarchical structure in the Risk Catalog. That way, you have insights both on how individual risks roll-up throughout the organization AND on how each risk can influence the strategic risks.
RSA Archer Strategic Risk Management allows you to:
- Identify strategic risks within the organization
- Relate strategic risks to organizational strategies
- Conduct a Strategic Risk Assessment to determine risks, impacts, and level of preparedness
- Implement Action Plans to remediate strategic risks outside of the organization’s tolerance levels
- Monitor strategic risks to identify opportunities to mitigate risks
Interested in learning more about the RSA Archer Strategic Risk Management app-pack? Join us for a Free Friday Tech Huddle on Friday, May 31, for a live demo. Free Friday Tech Huddles are only available to RSA Archer customers. If you are not yet a customer but you are interested in learning more, please contact your local representative or authorized reseller — or visit us at www.rsa.com.
RSA Archer Strategic Risk Management
Strategic Risk Manager Dashboard