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Ballot: Risk Assessments Made Simple

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Resolver Ballot is a dynamic tool that assists organizations in facilitating risk evaluation workshops, quite often to determine key risks that need to be mitigated through an Enterprise Risk Management and/or Audit program. This anonymous voting tool, functioning via keypad, computer or cell phone, enables a group to evaluate a set of objectives, risks and/or controls collaboratively in order to generate consensus on key areas of risk or discover control deficiencies.

Ballot facilitates focused and collaborative discussions, more educated assessments of ideas (e.g. objectives, risks or controls), clearer understanding of the relationships and dependencies between risks, higher levels of consensus on the key areas of risk to the organization. Other popular applications of Ballot include strategic planning, priority setting, cause and effect analysis, employee surveys and town hall meetings.

Presentation by: Mark Jenkins, Account Executive, Resolver Inc.

Published in: Business
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Ballot: Risk Assessments Made Simple

  1. 1. I am an Account Executive at Resolver. markj@resolver.com
  2. 2. Risk Assessment Audit Management Compliance Enterprise Risk Management Response Incident Report Investigate Analyze Improve Operational Risk Management Risk Assessment Enterprise Risk Management Audit Management Operational Risk Management Compliance
  3. 3. Risk Assessment Audit Management Compliance Enterprise Risk Management Response Incident Report Investigate Analyze Improve Operational Risk Management Risk Assessment Enterprise Risk Management Audit Management Operational Risk Management Compliance
  4. 4. Determine Responsive Action. Delegate risk ownership and track completion of Responsive Action. Track risk trends over time. Provide assurance that key risks are addressed. Control effectiveness Impact Remediate Monitor Urgent remediation Internal audit focus CSA
  5. 5. Dramatically enhance risk workshop efficiency and effectiveness, collect better data through anonymous voting. Instantly reveal and address disparate perceptions of risk impact, likelihood or control effectiveness and align key stakeholders. Reduce or eliminate the time spent on producing reports, heat maps and other deliverables following the risk assessment. Better inform appropriate responsive action relative to organization’s key risks.
  6. 6. - Upload assessment results to cloud-based risk management and monitoring tool. - Push risk ownership notifications to relevant individuals. - Document controls and action plans. - Track effectiveness and progress over time. - Automatic trending info and periodic re- assessment. Simple, Cloud-based Risk Monitoring Risk Assessment Assign Risk Owners. Create Risk Scorecards Document Controls and Plan Responsive Action Monitor and Follow-Through, Periodic Re- Assessment Risk Trending Data, Dynamic Risk Register
  7. 7. Assign Risk Owners Load Assessment Results Define Responsive Action, Controls Action Plan Required? Review Response Start Quarterly Update Complete Quarterly Update Create/Progress Update Review/Provide Feedback Complete Action Plan Email notification
  8. 8. markj@resolver.com

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