The Risk module provides GRC Suite users with most advance analytical tools in a single repository. Specific details of risks such as description, root cause, categories, owners, impacted process, likelihood, impact, score, etc. are stored and updated there.
Grace Connect Risk Management offers a module dedicated to Operational Risk Scenario analysis to measure Low Frequency and High Severity type of events.
The GRC Suite also includes a specific module to carry out self-assessments of the Risk Management Function, essential to assess the level of maturity of the risk framework within the organization.