Enterprise Risk Management (ERM): Mapping and mitigating threats
Every company has risks (Financial, Operational, Cyber). Jestor allows creating a dynamic Risk Matrix, where you classify the Probability and Impact of each threat, creating mitigation plans that are constantly monitored.
The Heatmap
Visualize risks on a chart.
- Red (Critical): "Client Data Leak." Action: Hire Pentest urgently.
- Yellow (Medium): "Single raw material supplier." Action: Qualify second supplier in 6 months.
- Green (Low): "Running out of coffee." Action: Monitor.
Continuous Monitoring
Risk is not static. In Jestor, "Risk Owners" receive quarterly alerts to re-evaluate the situation. "Did the risk decrease? Increase?" This keeps governance alive.
Frequently Asked Questions (FAQ)
What is ERM? Enterprise Risk Management. It is the methodology to manage risks holistically across the company.
Does it work for Compliance? Yes. It helps prove to auditors and board members that the company is aware of its risks and acting on them.
How to calculate risk level? Formula inJestor: (Impact Score 1-5) x (Probability Score 1-5) = Risk Score.
Conclusion
With Jestor, you sleep soundly knowing risks are mapped and controlled.
Manage your corporate risks: https://jestor.com/