STRATEGIC RISK PORTFOLIO MANAGEMENT
According to industry leading research organizations, such as Gartner and Forrester, IT leaders that have adopted the theory of "Portfolio Management" for managing their own IT have been able to see savings of between 10% and 50% in their first year of adoption. As a result, more IT leaders than ever are now rushing to apply such practices to help stem the heavy flow of money into their biggest financial sink-hole, IT. Risk Portfolio Management is the process by which an enterprise manages its Risks, so as to avoid future costly investments and Incidents. Armed with the tools to facilitate such a process, IT leaders can now track and manage their Risks, proactively. This strategic approach to managing IT takes the view that proactive management of Risks will actually drive long term costs down faster than the traditional approach of dealing with issues as they arise. With RPM becoming a natural and effective way to manage IT organizations, the industry is looking for solid RPM tools to help identify, track, and manage Risks effectively.
In addition to the drive to streamline and reduce costs while raising productivity, there are other major drivers accelerating Risk Portfolio Management adoption include:
KnowIT for Risk Portfolio Management
The KnowIT platform is ready to act as your Risk Inventory and Management solution. It's Risk Management module allows enterprises to catalog and track each and every Risk in their organization. With the KnowIT platform, enterprises can now:
With KnowIT, you and your enterprise can now see what Risks it has, world-wide, and can easily access and manage critical information that helps manage its Risk related costs, productivity, quality, and ultimately its revenue.