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ChristineTran
Archer Employee
Archer Employee

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Strategic risk management is the process of identifying, assessing, and managing the risk in the organization's strategy that includes taking action when risks exceed the organization's tolerance.  The first step to strategic risk management is identifying risks within the organization that have potential to impact the execution of the strategy.  Performing a risk assessment against the strategic risks allows organization's to understand the level of impact to the organization and how prepared they are in the event the risk were to occur.  Understanding the level of preparedness and prioritizing allows organizations to implement remediation plans to minimize the risks. 

The Archer Strategic Risk Management app-pack enables organizations to document strategic risks and relate them to the impacted strategies.  The offering also captures the results of the risk assessment in order to help organizations understand the level of preparedness and prioritize execution of the remediation plans.  With the  Archer Strategic Risk Management app-pack organizations can monitor their strategic risks and execute remediation plans to avoid impacts to the organization's strategy.

Benefits

  • Consistent and repeatable process for identifying and mitigating strategic risks
  • Understand the level of preparedness against risks that impact strategies
  • Minimize strategic risk for successful strategy execution

Key Features

  • Identifying 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

Solution and Platform Information

  • Solution Area: All 
  • Prerequisite Use Cases:  This offering requires the Archer Issues Management use case. 
  • Supported Platform Version: Archer Platform Release 6. 5 P2
  • Supported Archer Environments:  
    • On-Premises 
    • Archer Hosted 
    • Archer SaaS 

Archer On-Demand Application (ODA) Licenses

One (1) Archer On-Demand Application (ODA) license and one (1) questionnaire is required for Archer Strategic Risk Management.  Questionnaires require a licensed use case that enables questionnaire functionality. 

For More Information

To learn more about Archer Strategic Risk Management:

The Archer Strategic Risk Management App-Pack is an offering provided through the Archer Exchange to enhance your existing Archer implementation. To learn more about the Archer Exchange, please visit the Archer Exchange on the Archer Community. 

For Additional Support

To learn more about this offering, please contact your Account Rep for additional details. For technical support questions regarding this offering, please open a support case.

 

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Archer Strategic Risk Management

Strategic Risk Manager Dashboard

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Archer Strategic Risk Management

Strategic Risk Profile

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Version history
Last update:
‎2022-06-30 05:07 PM
Updated by: