Manage my business Risk Management Dashboard

Manage my business | Risk Management Dashboard

Risk Management Dashboard: Identify, assess and prioritize risks. Monitor effectively your preventive and corrective action plans.


Whatever the type of organization, risk management is a significant factor in the decision-making process. Risk management is important during both the initial stages and implementation of projects, and thorough analyses are required, as the slightest deviation can produce serious consequences.

First and foremost, it is essential to identify, assess and prioritize risks. Then, action plans should be effectively monitored and examined, whether they are preventive or corrective.

The main challenge is therefore to set up indicators within the organization. These allow measurement of the health and efficiency of the risk management process, through the progress of action plans or deployment of mapping, for example. Furthermore, the effectiveness of risk management should be monitored via indicators.

Designing and setting up these indicators is the first stage. They should then be monitored and challenged in real time to produce a simple, clear and precise vision that enables a high level of responsiveness. This is where a risk management dashboard comes into its own.


Risk Identification

  • Characterize threats from observation, reference to past events, interviews, market analysis…
  • Assess the vulnerability of critical assets to specific threats

Risk Assessment & Priorization

  • Define the likelihood of each risk: high, medium, low
  • Define the impact of each risk: high, medium, low
  • Assess the magnitude of each as Likelihood x Impact
  • Maintain a risk register
  • Review regularly risk register and re-assess each risk

Risk Management

  • Minimize, monitor, and control the probability and impact of unfortunate events
  • Identify ways to reduce those risks
  • Develop plan to manage each risk:
    1. Risk avoidance → Eliminate the risk
    2. Risk reduction → Optimize and mitigate
    3. Risk sharing → Transfer, outsource or insure the risk
    4. Risk retention → Accept and budget
      Prioritize risk reduction measures based on a strategy


You need to be able to prioritize actions areas, analyze strategic goals, reveal systemic risks, keep track of progress and provide feedback to team members. In order to minimize risks as far as possible, and to limit their consequences, it is essential to be able to rely on a fully customizable risk management dashboard. A risk management dashboard can help you to:

  • Determine which areas of the company require rapid action by creating hit maps

  • Define a precise risk profile for all strategic aims by performing assessments throughout the organization, according to their level of completion

  • Anticipate actions that need to be performed, before your objectives are affected, or material losses are observed, by creating risk reports with customized visualizations for each area

  • Reorganize risks with ease to meet the requirements of the various stakeholders and avoid repeating tasks

  • Estimate the cumulative impact of single risks by tracking the number of times the same risk is identified in a given area

  • Achieve effective enterprise risk management by automatically tracking key indicators…


Key Performance Indicators are used to measure the realized progress towards a strategic objective.
For a Risk Management dashboard, here is a sample list of KPIs Lintao recommends (non exhaustive list):

  • Incidents (#)

  • Claims (#)

  • Claims aging (#)

  • Control effectiveness rating

  • Control risk rating

  • Default rate (%)

  • Environmental risk rating

  • Estimated loss incidents (€)

  • Estimated loss value (€)

  • Risk impact rating

  • Risk likelihood rating

  • Residual risk rating

  • Operational risk rating

  • … or your own Risk Management KPIs


The axes of analysis represent the elements by which you want to segment your observable information (such a KPIs) to understand the rationales behind a given performance. Also called ‘dimensions’.
For a Risk Management dashboard, Lintao identifies the following axes of analysis (non exhaustive list):

  • Time

  • Organization

  • Business line

  • Control objective

  • Location

  • Risk category

  • Risk

  • Impact range

  • … or your own Risk Management analysis axes


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