We’re excited to introduce a new collaboration workflow in IdeaClouds designed specifically for Risk Managers in large industrial corporations. This workflow streamlines the risk identification and assessment process, ensuring a more efficient and comprehensive approach to collect and evaluate potential risks with experts.
The Risk Analysis Workflow Consists of 3 Key Steps:
1. Collaborative and Anonymous Brainstorming in real-time
Participants in risk analysis workshops can now brainstorm potential risks collaboratively and anonymously in real-time. This ensures quicker contributions and prevents any single voice from dominating the discussion.
2. Risk Evaluation Using the New “Impact & Probability” Method
Once risks are identified, participants can evaluate each one using our newly integrated “Impact & Probability” evaluation method. This method enables a more structured and precise assessment, leading to better-informed decisions.
3. Visualization with the New Risk Matrix
The results of the evaluations are then displayed in a new risk matrix (see the image above). This visual representation helps teams quickly identify and prioritize the most critical risks, making it easier to focus on what matters most.
Benefits for Risk Managers
- Higher Participation: The anonymous and collaborative nature of the workflow encourages more team members to contribute, leading to a more comprehensive risk identification process.
- Shorter, More Efficient Workshops: The streamlined process reduces the time spent in workshops, allowing teams to reach conclusions faster.
- Increased Risk Coverage: More risks are captured due to the inclusive brainstorming process.
- Pre-Selection of Risks: Quick evaluation by the team helps in pre-selecting risks that need further analysis.
- No Additional Documentation Effort: The process is fully documented within IdeaClouds, eliminating the need for extra paperwork.
- Seamless Export to Excel: The results can be easily exported to Excel for further integration, e.g., with other risk management tools.
This new online risk analysis workflow, combined with the “Impact & Probability” evaluation method and the risk matrix, is set to revolutionize how risk managers conduct risk assessments. We invite you to explore these powerful new tools in IdeaClouds and experience the difference they can make in your risk management processes.
