Benefits of the IRIS software

The IRIS Intelligence Risk Software embeds the Risk Management best practice outlined above.  This best practice method has been developed over 20 years and was recently incorporated into the Management of Risk guidelines (M_o_R) issued by the UK Office for Government Commerce (OGC).  IRIS was the first risk management tool accredited by the Association of Project Managers (APMG) and addresses the problems that are all too common when it comes to risk management, namely:

• The lack of a consistent, repeatable or effective risk management process across the organisation, project or department
• No clear prioritisation of the most critical activity resulting in a lack of focus
• An inability to understand the risk exposure of a project, business unit or organisation.
• Risks, once identified, lying dormant on a risk register, rather than being actively managed
• Inconsistent or incomprehensible data passed to Senior Management

The IRIS Intelligence product suite ensures that the risk management process across the project, program or organization is a robust, consistent and repeatable.  Further, the cost of deploying our software can usually be offset by the avoidance of a single risk!

Benefits of deploying IRIS Intelligence include:

• Demonstrates the Return on Investment delivered to your stakeholders through your risk management activity
• Consistent, repeatable and effective processes across the organisation
• Enhanced visibility of the risks and issues impacting the organisation, as well as potential opportunities available
• Ensures risks are actively managed and data remains current
• Provides an understanding of the total risk exposure of the organisation and its relation to the overall risk tolerance
• Illustrates how this risk exposure may be reduced in the most cost effective manner
• Full prioritisation of risks and mitigating actions, enabling management to focus on the most critical areas
• The ability to quantify the benefits of risk mitigating actions enabling robust decision support for cost / benefit analysis
• Generation of clear, consistent and effective reports to enable Senior Management to instantly identify the critical areas.
• Increased risk aware culture across the organization, improving the identification of risks as well as their ongoing management.
• A secure audit trail of actions taken and regular risk reviews, providing assurance to internal and external auditors

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