Integrating Risk Management with other applications

Extend the capabilities of Risk Management such as Advanced Risk Assessment and help other applications with risk identification and risk assessments.

Advanced Risk Assessment goes outside of Governance, Risk, and Compliance to help other applications such as APM and Project Portfolio Management identify and assess their risks and manage their life cycle.

Manage your project risks by using the project risk assessment capability. This capability enables the risk administrators, projects managers, and risk owners to manage the complete project risk life cycle such as project risk identification, project risk assessment, project risk mitigation, and project risk monitoring. This feature provides efficient visibility and reporting of the project risks posture through mediums such as aggregated project risk ratings and heatmaps. The integration of with also ensures that when a project risk threatens to affect an enterprise, the risk can be easily reported to the enterprise risk team so that the necessary mitigating actions can be defined. To use this feature, ensure that you have the Project Portfolio Management application installed. You must also enable the Enable Advanced Risk PPM Integration property under Advanced Risk Assessment Administration Properties. The default setting for this property is No. Only users with it_pps_admin or risk_admin roles can enable this property.

Manage your digital risks with business applications by using the application risk management capability. This capability allows the management of the complete risk life cycle of a business application including general data collection about the application, application inherent risk assessment, applicability of the appropriate policies, regulations and controls, and implementation and monitoring of controls. The integration of the GRC workflow with the business application reduces the communication barriers and reduces the information silos in the two organizations. This reduction of barriers reduces the overall effort in management of business applications. To use this feature, ensure that you have the Application Portfolio Management (APM) application, Application Portfolio Management integration with Policy and Compliance Management and Application Portfolio Management integration with Risk Management installed.