Happy anniversary to KnowledgeLeader’s Risk and Control Matrices (RCM)!
It's been one year since our launch of the new tool area Risk and Control Matrices. To celebrate, we plan to publish one new RCM each week of May and we're granting our trialers access to the new RCMs for their first week of publish! This content is an exclusive part of a KnowledgeLeader full access subscription.
These sample RCMs contain a compilation of risks by business process and a vast array of possible controls to choose from.
Our RCM Templates
Once published, each of our RCMs will be periodically refreshed with new content–making it its own expanding resource.
In case you missed them, here are the RCMs we've published since our launch last year:
Using an RCM in Your Risk Management Strategy
A successful risk management strategy requires a strong internal control environment. The RCM format emphasizes that strong and risk-oriented internal control environments are often optimized with automated/manual controls, depending on the situation.
An RCM provides an overview of different control objectives that organizations should take into consideration and the corresponding controls to safeguard the company against risks which may arise if not checked timely. You can start your risk assessment process with one of our sample RCMs and then customize it by picking and choosing the controls that best fit your organization. The control assessment can then also be summarized to develop an action plan.