Strategic risk management
Risk is about the strategy too.
BlueJam brings strategic, financial, operational and other risks into one flexible model. Risk can be connected to objectives and strategic choices where that is relevant, or handled on its own.
Used by organizations with complex governance needs
Challenges
The risk picture is gathered. The connections are missing.
Some risks are tied directly to objectives and strategy. Others apply across the organization. The challenge is handling both without forcing every risk into the same structure.
Risk and strategy on parallel tracks
The connection never becomes visible.
The strategy is developed in one process and risk is assessed in another. The risk in strategic choices and assumptions is easily overlooked.
One scale for all risk
A five does not always mean the same thing.
Financial, operational and sustainability consequences have to be assessed against relevant criteria. A generic scale quickly produces assessments that cannot be compared.
A register without active management
The risk is recorded, but does not change.
Without clear appetite, ownership and actions, the risk register documents the exposure rather than serving as a tool to reduce it.
Solution
One risk model. Several perspectives.
Handle risk on its own, or connect it to strategic choices, objectives, indicators, initiatives, actions and units.
How it works
Define. Assess. Follow up.
From your own risk model to clear assessments, actions and ownership.
Define the model
Set categories, criteria, scales, appetite and acceptance levels to suit the organization.
Assess in the right context
Assess risk on its own or against the objective, strategic choice, initiative or unit it affects.
Follow up the risk
Assign ownership, carry out actions and track development towards the risk level you want.
Define the model
Set categories, criteria, scales, appetite and acceptance levels to suit the organization.
Follow up the risk
Assign ownership, carry out actions and track development towards the risk level you want.
Assess in the right context
Assess risk on its own or against the objective, strategic choice, initiative or unit it affects.
Features
Risk management on your own terms.
Support ISO 31000, COSO ERM or your own methodology through a fully configurable risk model.
Flexible risk categories
Define categories such as strategic, financial, operational, sustainability, security and reputation according to your own model.
Tailored consequence scales
Define what levels 1-5 mean for different consequence categories, so assessments rest on relevant and explicit criteria.
Standalone and connected risks
Record risk on its own, or connect it to strategic choices, objectives, indicators, initiatives, actions and units.
Risk appetite and thresholds
Define appetite and acceptance levels, and make it visible when risk exceeds what the organization has accepted.
Inherent and residual risk
Track risk before and after actions, and compare it with the level the organization wants to reach.
Actions and risk ownership
Give risks and actions clear owners, deadlines and accountability for assessment and follow-up.
AI support for risk work
Get suggestions for risks and actions, and use strategic analyses for stress testing and scenario work.
Benefits
A risk picture you can actually use.
The whole risk picture in one place
See strategic, financial, operational and other risks in the same solution, without forcing unnecessary connections.
More precise assessments
Use category-specific criteria and consequence scales that make assessments clearer and more consistent.
Risk inside the governance
Connect risk to objectives and decisions where that is relevant, and follow the remaining risks in the same governance rhythm.
See the risks in context.
See how BlueJam adapts to your risk model and makes risk an active part of governance.
Platform
Enterprise Strategy
Function-Level Strategy
Multi-Business Strategy
AI for Strategy
Integrations & API
Security & Identity
Pricing
Solutions
Strategy Development
Strategy Execution
Strategy Engagement
Strategy Insights
Results-Based Management
Strategic Risk Management
OKRs
Balanced Scorecard
Public Sector
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Public Sector Governance
Managing for Results
Strategy Execution
Risk Management & Internal Control
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Platform
Enterprise Strategy
Function-Level Strategy
Multi-Business Strategy
AI for Strategy
Integrations & API
Security & Identity
Pricing
Solutions
Strategy Development
Strategy Execution
Strategy Engagement
Strategy Insights
Results-Based Management
Strategic Risk Management
OKRs
Balanced Scorecard