Risks affecting organizations can have consequences in terms of economic performance and professional reputation, as well as environmental, safety and societal outcomes. Therefore, managing risk effectively helps organizations to perform well in an environment full of uncertainty. Performax provides a LIVE employee engagement and feedback platform through which key areas of the ISO 31000:2018 Risk Management framework may be continually assessed and monitored. ISO 31000:2018, Risk management – Guidelines, provides principles, framework and a process for managing risk. It can be used by any organization regardless of its size, activity or sector. Using ISO 31000 can help organizations increase the likelihood of achieving objectives, improve the identification of opportunities and threats and effectively allocate and use resources for risk treatment. However, ISO 31000 cannot be used for certification purposes, but does provide guidance for internal or external audit programmes. Organizations using it can compare their risk management practices with an internationally recognised benchmark, providing sound principles for effective management and corporate governance.
The ISO 31000:2018 Risk Management Assessment Module within Performax is designed to help organisations ensure continuous compliance to the standard, based on LIVE employee feedback on the key components of the standard. In addition, it presents advanced analytics and collaborative action planning capabilities. There is a 30-day free trial (max. 10 users) available for new customers.
The assessment module can be customised and implemented within 2-3 hours. The initial round of feedback from stakeholders may take 1-2 weeks. Reports are generated in real-time. So, within 2-4 weeks, you’ll be able to ‘sense and respond’ to risk management issues, and take action on innovative improvement ideas.
Risk management is a critical aspect of sustaining organizational growth and profitability in a manner that is responsible and prudent. Performax engages key internal and external stakeholders in an agile risk management process that captures critical risk intelligence for management teams in near real-time.
Carrying out the Risk Management (ISO 31000:2018) assessment through Performax allows you to engage key internal employees and external stakeholders (customers, partners, etc.) in a LIVE feedback and feed-forward process. Gain multi-stakeholder insights on the 41 critical success factors, derived from the ISO 31000:2018 standard, relevant to your Risk Management program.
With Performax, organizations can engage employees, partners, suppliers, and customer focus groups in evaluating its effectiveness, strengths and weaknesses, and capturing ‘ideas for action’ for Risk Management. Using ISO 31000:2018 helps ensure that products and services are produced in a way that follows the highest standards of employee health and safety, which in turn brings many business benefits.
View the organizational effectiveness ratings and trends in real-time
Drill-down into the details for insights into Environmental Management effectiveness.
Strengths and Weaknesses
Identify environmental management areas that are compliant vs. those that need more focus.
Action Planning and Real-time Performance Alerts
Performax is designed for collaborative action planning and real-time monitoring.