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Risk Assessment App

Risk assessment apps make it easier to perform risk assessments

Performing regular risk assessments is a necessity in the business world; in order to keep your business safe and to protect yourself from potential threats, you need to understand what risks could impact your business in both the short-term and long-term. That said, performing risk assessments can be a chore; they can be tedious, time-consuming, and lengthy, and you need to be precise in order to ensure you’ve addressed every potential risk. 

Thankfully, online tools like risk assessment apps make it significantly easier to perform risk assessments and to keep your business protected. 

Risk assessment apps are a useful tool used to perform risk assessments for businesses, both small and large. Using online risk assessment software can help you keep your company, employees, customers, and assets protected by identifying issues that could harm your business, as well as giving you ways to promptly address them. 

Not only do risk assessment apps keep you and your data safe, they will also provide you with peace of mind. Using a risk assessment app, you can ensure that you never overlook risks as you’ll be able to assess them anytime and anywhere from your mobile device. 

Risk management software for small businesses is a game-changer in keeping your business safe. Not every risk software is the same, though, so understanding the differences between each one can help you choose the right risk assessment app for your business. After all, every industry is different and has its own unique needs. By better understanding risk management software, risk management apps, and the risk management process, you’ll be better equipped to choose a risk assessment app for your business.

Secure for the known, insure for the unknown

Your destination may be achieving compliance in industry certifications such as SOC2 or ISO27001, but it doesn’t stop there. With Trava, our modern tools can help you bridge the gap between where you are and where you want to be by giving you the control to assess your risk, repair the most vulnerable areas, and transfer risk through insurance.

Risk Assessment Process

The risk assessment process isn’t one-size-fits-all; each industry faces different cyber hazards, and different hazards require unique assessments. No matter what risks your industry is facing, though, evaluating risks and determining how to proactively handle them should always be a part of your risk assessment process.

Here are the five steps of the risk assessment process that apply no matter your industry:

  1. Identify hazards
  2. Determine potential harm
  3. Evaluate risks and determine your approach to resolving them
  4. Record all significant findings 
  5. Review your assessment

Using a risk assessment app can make it easier to complete all five of these steps. First, risk assessment apps identify and address the hazards that your business faces and ensure you do not overlook any potential risks. Risk assessment software can identify issues you may not be keen to, provide you with frameworks to apply tested risk assessment tools and techniques, and provide you with direct ways to handle the threats your business faces. These apps also eliminate some human error, which is inevitable when completing risk assessments. 

For these reasons, risk assessment apps and software are one of the most important cybersecurity tools on the market for small businesses. 

Risk assessment apps may also include risk assessment tools like a risk assessment builder, which also make completing risk assessments easier and less time-consuming. This way, you don’t have to start your risk assessment from scratch. Instead, you can use a template that complies with legal requirements and makes your job simpler. 

Risk Assessment Apps

Risk assessment apps are mobile-based platforms that allow you to manage the whole of your business’s risk assessment strategy on one cohesive platform. Downloading a free risk assessment app is an easy and convenient way to keep track of your business’s risk assessment, and ensure that you are able to keep up with necessary risk assessments on a consistent basis. 

Like the risk management process itself, risk assessment apps are not one-size-fits-all - but there are resources out there for every industry you can imagine.

Whether you’re completing a fall risk assessment, workplace risk assessment, or health and safety risk assessment, risk assessment apps can provide you with templates and other resources to help you. There are specialized risk assessment software programs for nearly every industry, too; for example, those in the construction industry will want to look for construction risk assessment software, while those in the education industry should look for apps that address their industry’s needs. 

Using a risk assessment app as a part of your business’s risk management toolset is a great idea, because it ensures that you always have your cybersecurity assessments at your fingertips. You can also share information with colleagues and clients with the tap of a button with many apps, allowing for better communication and easier access to important information with your company. In a world where almost 84% of the world owns a smartphone and mobile devices account for 73% of web traffic, nearly every operation within most small businesses nowadays is digital - your risk management process should be, too.

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Risk Management Tools

Using a variety of risk management tools according to your company’s needs is a great strategy to keep your business safe in the long-term. Risk management tools and techniques are tested techniques to perform your risk assessment, and provide a framework for risk management professionals to use when performing risk assessments. 

Some example of risk management tools include:

  1. Risk Matrix - - A risk matrix, as the name implies, is a risk assessment performed within a matrix. The matrix measures the risk rating of hazards, addressing both the likelihood of occurrences and the severity of possible consequences.
  2. Decision Tree - Decision trees are drawn in a tree format, with each left node representing a decision that needs to be made, and with the branches representing potential events depending on which path is taken. 
  3. Bow-tie Model - With the bow-tie method, you can look at what would happen with proactive versus reactive risk management strategies. The hazard sits in the middle, with proactive and reactive responses on the left and right respectively. 

There are various risk management software programs that allow small businesses to easily create graphs and diagrams according to risk management tools and techniques. For example, SimpleRisk and Eramba risk assessment software allow you to create risk matrixes. Free risk management software is an option, too, and many products offer free demos. 

With so many risk management software that provide risk management tools on the market, it can be hard to choose the right one for your business. As you search for the right risk management tools for you and your business, you may want to look into risk management software comparisons. These comparisons, often made in the form of a chart or table, show the differences between open source risk management software programs and will help you decide which is best for your industry’s unique needs. 

Risk Assessment Software

Risk assessment software engineering is necessary to keep your business and your assets safe, no matter what industry your business is a part of. Enterprise risk management software takes all the weight off of your shoulders by automating some risk management tasks and making others significantly easier with templates, builders, and other resources. By using a risk assessment software to complete necessary risk assessments, you can ensure that you follow all legal requirements and that you don’t miss any critical details in your reporting. Plus, it’s more accessible and simpler to keep all of your risk assessment strategy information in one place.

The best risk assessment software programs include numerous important features; they should be able to handle reporting, analysis, and even potentially automate your risk assessments. Depending on your industry, you will need to use different types of risk assessment software and comply with different legal requirements when performing risk assessments. Software engineering professionals will have different needs from the aviation industry, for example, and aviation industry risk management professionals will address starkly different issues than retail risk management professionals. 

Thankfully, you can look up comparisons of risk assessment software on the web to determine which ones fit your business’s unique needs and requirements. There are many things to consider before purchasing a risk assessment software. Free demos or testing other options; there are countless choices out there to pick from. 

If you're looking to improve your cybersecurity and ensure that you have the best risk assessment tools in place for your small business, it's necessary to evaluate the strength of your current risk assessment system. Trava Security is here to help with our state-of-the-art cybersecurity analysis tools designed to assess your business’ risks. Book a demo with Trava today to get started! 

Sources

https://safetyculture.com/topics/risk-assessment/

https://www.mpug.com/pmp-prep-decision-tree-analysis-in-risk-management/

https://www.wolterskluwer.com/en/solutions/enablon/bowtie/expert-insights/barrier-based-risk-management-knowledge-base/the-bowtie-method

https://www.bankmycell.com/blog/how-many-phones-are-in-the-world

https://www.smallbizgenius.net/by-the-numbers/mobile-marketing-statistics/

https://www.riskassessor.net/news/detail/five-steps-to-risk-assessment

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