ROV Enterprise Risk Management (ERM) is a technology provided by OSL Risk Management in a joint venture with Real Options Valuation Inc., to help firms managing risks and creating opportunities while achieving objectives.
Users can enter and save multiple risk registers to generate Key Risk Indicators (KRI) by risk divisions and risk taxonomy (geographic, operations, products, activity or process, and department) and run qualitative and quantitative analysis on the same platform. ERM enhances risk mapping, monitoring, reporting, quantification, control, forecasting, mitigation, security, among other aspects assessed by risk managers and decision makers.
ROV ERM comes in 7 languages (English, Chinese Simplified, Chinese Traditional, Korean, Portuguese, Russian, and Spanish.
This ERM module comes with an online Web version as well as a module within PEAT, where users can enter and save multiple Risk Registers to generate Key Risk Indicators (KRI) by Risk Divisions and Risk Taxonomy (Geographic, Operations, Products, Activity or Process, and Department), assign risk items to different Risk Managers by performing Risk Mapping of Risk Categories to different Risk Divisions, create Risk Dashboards of the results, enter Risk Elements within multiple customizable Risk Engagements, draw Risk Diagrams, perform and run Risk Controls on KRIs to see if certain risks are within control or out of control, perform Risk Forecasts, check if certain Risk Mitigation projects do, indeed, work or are statistically ineffective, perform Risk Sensitivity on KRIs, perform Risk Scenarios on quantitative risk metrics, run Risk Simulations on risk metrics, generate Risk Reports, and encrypt your data and files for the purposes of Risk Security.