Project managers already working with a lot of other tasks, such as knowing what risks may occur and where they are located can find it difficult to determine the best course of action. It is important to recognize that the nature of risks increases with increasing business scope and projects. When this happens, a static approach to risk management software can do more harm than good.
McKinsey has found that 70% of senior managers are now planning to adopt digital risk management. This means that risk management software has become more important to ensure a company’s resilience.
What did we look for when evaluating the best risk management software criteria?
- Usability
- User Interface
- Compliance Management
- Prediction Capabilities
- Incident Navigation
- Reporting and Analytics
- Integrations
- Value for Money
Best Risk Management Software
1. nTask
Your risk management software that is complicated and clunky will not help you track and assess dangerous risks, but it will make the process more difficult.
nTask is therefore ranked first on our list. It doesn’t seem daunting to think of having to address and resolve identified risk issues in nTask. Credit for this is solely due to the extremely friendly and neutral-toned risk management board.
nTask’s strongest feature is its project risk management software. Whether you’re working on a task or conducting a meeting – nTask allows you to keep an eye on risks and update your status.
Features-
- Proficient Risk Reporting
- Easy Visibility
- Determine Risk Impact
- Risk Matrix
- Custom Fields
- Risk Assessment Graph
2. Resolver
You never know when a risk could strike and threaten the foundation of your project. This can leave you feeling helpless and unable to move forward. This is where constructive planning can help.
Resolver, one of these tools, focuses primarily upon risk planning and preparation. It helps to identify risks early in project planning, when regulatory requirements and objectives are still being developed.
Resolver offers a complete range of consolidated products that can be used by organizations of any size and in all industries.
Resolver’s Enterprise Risk Management solution is used by corporations like Delta Airlines to address global security challenges. Farmer Mutual Hail, another client, chose Resolver’s Internal Audit and Risk Compliance Software to efficiently report on risks to their management.
Features-
- Effective Assessment
- Flexible & Custom Reporting
- Real-time accessibility & Insight
- Incident Management
- Prioritize Risk Analysis
- Rapid Risk Retrieval
- Risk Response Management
3. TimeCamp
Sometimes, the smallest of weaknesses can be the most dangerous. They silently compromise the integrity of the project, until it collapses. TimeCamp is a simple management tool that can be used to address these seemingly benign risks.
TimeCamp is a time tracking software that helps teams deliver on time. However, users can conduct risk assessments with built-in features to assess multiple aspects of their workflow.
Features-
- Determine Financial Risk
- Evaluate Time Management Risk
- Curb Project Failure
4. Integrum
Integrum, is a worldwide top choice trusted risk management software.
Integrum has won multiple awards and is highly regarded for its flexibility. Integrum allows companies to accelerate their business by helping to manage risks and minimize them.
Integrum is built specifically for safety and health management in organizations.
Integrum’s Quality, Health, and Safety Management System make Australia’s largest water supply facility a success in providing safe water and wastewater services for more than 500,000 people. Integrum offers a wide range of integrations that can be used to streamline legacy systems and increase business growth.
Features-
- Governance Risk & Compliance
- Business Optimization
- Business Intelligence
5. Qualys
Each project scope differs from the previous one and the next. Different projects can lead to different vulnerabilities.
Many of the smaller and less important ones can be captured and handled quickly. To avoid potential problems later on, it is the more specialized ones that require a system of automated host scanning.
Qualys, one of the most powerful tools, offers vulnerability scanning, malware detection, and remediation tracking.
Qualys offers a wide range of security solutions, including but not limited to asset management, cloud security, policy compliance, and IT security. Qualys’ simpler, more cost-effective and safer features are why it is trusted by global brands such as Microsoft and Deloitte Inc.
Features-
- Vulnerability Management
- Host Scanning
- Malware Detection
- Threat Protection
6. CURA
Some risks are predictable while others are unknown and some are persistent. Monitoring risks that are recurring or keep surfacing should be an integral part of any risk management software you use.
CURA gives companies the ability to monitor each risk in accordance with its probability and impact.
It provides solutions to multiple industries, including banks, healthcare, insurance companies, utility firms and telecom. These include project risk management and enterprise risk management software.
CURA is used by organizations around the globe to manage their risks. Kellogg, a world-leading cereal producer, uses CURA’s automated risk assessment tools to ensure compliance with SOX Section 404.
Features-
- Risk Identification
- Risk Monitoring
- Risk Reporting
7. A1 Tracker by A1 Enterprise
A1 Tracker is the top-rated risk management software on this list. It is extremely user-friendly and powerful. It includes a web portal, log history and risk audits, alerts, notifications, dashboard metrics, charts, alerts, notifications, dashboard metrics, threat assessments, threat responses, documentation, and risk ratings. It integrates with financial software, providing modules for tracking events, incidents and contracts, as well as insurance claims and projects.
Features-
- Auditing
- Business Process Control
- Compliance Management
- Corrective Actions
- Dashboard
- Incident Management
- Internal Controls Management
- Risk Assessment
8. Synergi Life
DNV GL’s risk management tool Synergi Life can be found at DNV GL. It is a comprehensive business solution that addresses both risk and QHSE (quality health safety environment) management.
This tool allows you to manage risk analyses and audits, non-conformances, audits, and provides a platform for improvements. It helps teams communicate, report and manage corrective actions, experience transfer, trends, and KPI monitoring.
Synergi Life risk management software is one of the most effective tools you have to manage business and project risks.
Features-
- Auditing
- Compliance Management
- Dashboard
- Incident Management
- Risk Assessment
9. Audits.io
This risk management software has a unique feature: it can be customized. This tool can be used online or offline on any device. You can assign work, notify the responsible persons, attach images, share files, inspect and audit on the move with your mobile device or tablet, or at one location, from a computer.
Even automated PDF reports can be sent to stakeholders. This allows you to assess trends and bottlenecks with real-time statistics.
Features-
- Auditing
- Business Process Control
- Compliance Management
- Corrective Actions
- Dashboard
- Incident Management
- Internal Controls Management
- Risk Assessment
10. MasterControl Risk Analysis
MasterControl is compliant with both FDA regulations and ISO quality standards. This risk assessment software has the unique ability to recover documents that have been lost due to unforeseen circumstances.
They can be easily restored and the project can continue. This tool also allows for risk assessment as an independent process. This greatly assists quality departments in making quality decisions.
Features-
- Auditing
- Business Process Control
- Compliance Management
- Corrective Actions
- Dashboard
- Incident Management
- Risk Assessment
