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What are Some of the Common Risk Identification Methodologies?

Virsa Systems

Virsa Systems
Jasvir Gill, Chief Executive Officer

Runtime: 02:00

Key Takeaways:

Risk Identification:

  1. Approach to risk identification depends on your project timeline and company culture.
  2. Big Bang Approach: Do risk analysis in multiple divisions or systems all at once.
  3. Phase Approach: Do risk analysis in one division or system at a time.

Common Pitfalls:

  1. Identifying the wrong risks.
  2. Not translating risks into an ERP language.
  3. Relying on compliance solutions that don’t span all of your applications.

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