PYX4 Risk

PYX4 Risk is a comprehensive solution designed to assist organizations in identifying, assessing, and managing risks. According to the vendor, PYX4 Risk is suitable for businesses of various sizes, from small enterprises to large corporations. It caters to a wide range of professions and industries, including risk managers, business analysts, quality managers, compliance officers, project managers, and professionals in healthcare, financial services, manufacturing, information technology, and retail sectors.

Key Features

Customizable Risk Declaration Form: PYX4 Risk offers a fully customizable form that allows employees to report risks that may impact the organization. This feature encourages proactive risk reporting.

Risk Evaluation and Action Plan: Users can evaluate the severity and plausibility of risks using PYX4 Risk. Based on these evaluations, users can create and implement action plans to address identified risks.

Comparison of Risk Evaluations: PYX4 Risk enables users to compare successive risk evaluations, helping organizations monitor the effectiveness of risk mitigation strategies.

Real-time Notification System: Integrated with PYX4 Improver, PYX4 Risk provides a real-time notification system. Users receive automatic updates on the progress of risk treatment, ensuring efficient risk management.

Customized Dashboards: PYX4 Risk offers customized dashboards that provide a comprehensive view of risk management activities. Users can monitor risk treatment, criticality, trend evolution, and response strategies implemented.

Homogeneous Evaluation Criteria: Users can define evaluation criteria that align with their organization's language and specific needs. PYX4 Risk allows users to set up impact levels and establish likelihood levels to calculate risk criticality.