FERMA launches risk management tool for remote working

Published: Tuesday, 01 February 2022 11:08

The Federation of European Risk Management Associations (FERMA) has unveiled its latest practical tool – a simplified guide to risk mapping for remote working.

FERMA’s Remote Working project group, composed of leading risk managers from major companies in Belgium, France, Italy, and Sweden, developed the tool, building on work that the French risk management association, AMRAE, had done previously.

The risk mapping tool is a simple questionnaire that organizations of any size can use. It sets out a template of risks and opportunities linked to remote working divided into seven important categories: strategic, financial, security and safety, operational, regulatory and compliance and technological.

Relevant questions prompt the user to consider what exposure their organization could have to certain risks in each category and their potential consequences. A simple scoring system of impact and likelihood of each of the categories of risk automatically creates a heat map and a radar screen visual.

Using the results, organisations can more clearly focus on identifying and mitigating the risks related to their policies and take advantage of the opportunities.

The project group also believes that the output from the FERMA tool can help managers in organisations of all sizes communicate important risks and opportunities with senior executives and other functions in the organisation.

More details.