IT Risk Management App
The MetricStream IT Risk Management App empowers organizations to adopt a focused and business-driven approach when managing and mitigating their IT risks. The app streamlines IT risk identification, IT risk assessments, and risk treatment.
It also provides sophisticated analytics and reports that transform raw risk data into actionable IT risk intelligence, provides a clear visibility into the top risks and improves decision-making. Furthermore, it allows organizations to implement standard risk assessment methodologies to create a sustainable and scalable risk management process.Download Datasheet
Define and maintain business entities such as IT risks, assets, processes, and controls. Establish relationships between these data entities along with associated details such as description, category, hierarchy, ownership, visibility, and validity.
Assess, quantify, monitor, and manage IT risks in an integrated manner using industry standard IT risk assessment frameworks.
Perform multi-dimensional risk assessments with support for both top-down and bottom-up approaches to risk assessment. The process supports advanced assessment by providing risk scores and ranking them using a simple risk matrix based on configurable risk scoring methodologies.
Use advanced risk scoring logic and solve variations in the risk assessment methodology across business units and roll up to an assessed entity or organization. Define the logic for computing inherent and residual risk scores, and view and analyze these scores through flexible heat maps.
Identify and document issues from IT risk assessments through a closed-loop process of investigation, root cause analysis, and remediation. Prioritize and assign resources for investigation and remediation with an underlying workflow and collaboration engine. Define an action plan, and track the remediation process and issues to closure.
Generate user-configurable risk reports, risk heat maps, and role-based executive dashboards, which aggregate IT risk data for complete visibility. Track risk profiles, control ownership, assessment plans, and remediation status through real-time graphical charts that can be accessed from anywhere in the organization. Gain a 360º view of the process through the app’s data browser and continuously monitor risk metrics and performance.
- Get a one-point access to multiple risk frameworks and best practices
- Perform qualitative and quantitative risk assessments
- Assess risks by leveraging configurable risk scoring algorithms
- Monitor issues and recommendations to closure
- Gain enterprise-wide visibility into IT risk processes and data
- Align IT risks to business and enterprise risks
We have engaged [on the MetricStream Community] throughout the implementation and found the interactions and materials quite useful.
MetricStream IT Risk Management Software Solution
As businesses embrace a digital, mobile, and cloud-based operating model, the need to protect information security and privacy is greater than ever. Given the rise in cyber-attacks and data breaches, IT risk management has become a top priority. However, the use of siloed systems and manual processes often makes it challenging to identify and respond to IT risks in a timely manner.
The MetricStream IT Risk Management Software Solution enables you to implement an integrated and systematic process to manage IT risks. The solution supports risk assessments based on multiple quantitative and qualitative factors and risk models such as DREAD and STRIDE. A central risk library, risk algorithms, configurable risk heat maps, and more all enable you to stay on top of IT risks, and resolve emerging issues quickly.