Options for Managing Risk

Our TOTEM™ software is the heart and soul of SMART™.

This unique automation of all the data produced during the execution of the 10 steps that constitute SMART™ provides several distinct advantages for busy executives.

First:
TOTEM™ enables decision-makers to have at their fingertips the full array of all identified risks – whether legal, technological, environmental, security, safety, political, or human – in an integrated database.

Second:
it allows managers immediate and random access to the status of any single identified risk – among the myriads that have been evaluated, ranked, and assigned specific countermeasures. This focused availability enables decision-makers to either confirm that proper countermeasures have been assigned or call for new ones.

Finally:
TOTEM™ provides a graphic representation of the full inventory of identified risks that have been evaluated for severity, probability, and countermeasure cost in a single ranked array known as the Risk Totem Pole™. Thereby, they can readily ascertain their No. 1 risk, their No. 2 risk et al.

Consider the benefit of being able to answer these questions about risk in your corporation as you weigh the impact of required decisions:

• How many other risks will be "fixed" (brought under some degree of control) if I adopt the    countermeasure(s) proposed for any particular risk?

• What are the risks that exclusively involve HUMAN LOSS (injury or death)?

• How can I see the effect of mitigating all CATASTROPHIC losses (without concern for their    associated probability or countermeasure cost)?

• What is the impact on my total risk exposure of mitigating all risks of CERTAIN    CHARACTERISTIC; for example, fire?

• How can I see the effect of mitigating all risks that are LEAST EXPENSIVE to mitigate    (without concern for their associated severity or probability)?

• What would a Risk Totem Pole™ look like if my management priorities were in this order:    countermeasure cost, severity, and probability?

• What would a Risk Totem Pole™ look like if my management priorities were in this order:    probability, countermeasure cost, and severity?

• What would a Risk Totem Pole™ look like if my management priorities were in this order:    severity, countermeasure cost, and probability?

• What would a Risk Totem Pole™ look like if my management priorities were in this order:    probability, severity, and countermeasure cost?

• What would a Risk Totem Pole™ look like if my management priorities were in this order:    countermeasure cost, probability, and severity?

• What would a Risk Totem Pole™ look like if my management priorities were in this order:    severity, probability, and countermeasure cost?

• How can I see the effect of mitigating all HIGHLY PROBABLE losses (without concern for    their associated severity or countermeasure cost)?

• How can I review a summary of all risks classified with a certain Risk Description Code?

• How can I review a summary of risks that have been assigned to a specific organization    for action to mitigate risks?

• What is the financial ranking of risks that are judged to provide HIGH Risk Control    Potential (regardless of their significance in the Risk Totem Pole™

• Within my whole corporation, where functionally is my greatest vulnerability to losses    (those functions that trigger the largest losses)?

• How many countermeasures have been devised to totally eliminate risks as contrasted    with those that only control risks?

• What is the financial ranking of countermeasures intended to totally eliminate risks?

• What does a ranked listing of all my CATASTROPHIC risks look like?

• What does a ranked listing of all my VERY FREQUENT risks look like?

• What does a ranked listing of all my LOWEST COUNTERMEASURE COST risks look like?

• What does a financially-ranked listing of countermeasures that were PROPOSED but NOT    IMPLEMENTED look like?

These are but some of the answers that can be provided TOTEM™ users as they allocate limited resources to eliminate or control risks.

OSGI tailors software licenses to each client's needs--from single seat to enterprise-wide and limited exclusivity agreements.