Name: Risk Management Overview - Fusion Risk Management
Uploaded: 2020-01-14T19:56:03.000Z
Duration: 1 min 47 s
Description: Risk Management Overview - Fusion Risk Management

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### Business Continuity Planning
Users consistently highlight Fusion Risk Management's business continuity planning as a key strength, emphasizing its ability to streamline and enhance their business continuity programs. The platform's comprehensive features enable users to develop, maintain, and visualize their continuity plans effectively. Fusion's business continuity planning functionality is lauded for its user-friendly interface and its capacity to facilitate quick adjustments to plans in response to evolving business needs. Additionally, users appreciate the centralized repository that Fusion provides for all their continuity plans, contributing to improved organizational resilience and preparedness.

### Disaster Recovery
Opinions vary regarding Fusion Risk Management's disaster recovery capabilities. While some users praise its effectiveness in preparing for various disasters and its user-friendly interface for populating recovery information, others express a desire for more focus on disaster recovery within the platform. The platform's flexibility in supporting business continuity and resiliency programs is acknowledged, but there are calls for further expansion into the realm of disaster recovery. Users appreciate the platform's ability to keep business continuity plans easily accessible and calculate the business impact in case of a disaster. Despite some concerns about the need for specialized expertise to fully leverage the software, Fusion Risk Management's disaster recovery functionality remains a key aspect of its overall risk management platform.

### Implementation and Customization
Reviewers have highlighted the extensive customization options provided by Fusion Risk Management, allowing users to tailor the system to their specific requirements. However, some users have expressed concerns about the complexity that comes with this high level of customization, noting that it can be challenging to fully grasp all the capabilities of the system during the implementation phase. Additionally, there have been mentions of the need for adequate training and support to effectively utilize the customization features offered by Fusion Risk Management.

### Program Development and Frameworks
Users generally praise Fusion Risk Management's program development and framework capabilities. The system is commended for its flexibility, automation features, and user-friendly interface, allowing for quick and easy customization without the need for extensive coding knowledge. While some users find the system to be slightly complex to navigate initially, the overall consensus is positive regarding the system's ability to streamline operations and enhance risk management processes. Additionally, users appreciate the support provided by Fusion's online resources and personnel, which aids in maximizing the system's potential for individual program needs.

### Dependency Mapping
Users consistently praise Fusion Risk Management's dependency mapping capabilities. They highlight the system's ability to visually represent interdependencies between processes, applications, plans, vendors, and more. The dynamic and highly configurable nature of the dependency mapping feature is seen as a significant asset, allowing for a clear understanding of critical teams and operational resilience during crises. Users appreciate the ease of updating and centralizing data, which streamlines the process of identifying gaps and implementing mitigations effectively. The ability to quickly grasp process and system dependencies visually is noted as a key factor in enhancing organizational efficiency in continuity and resilience efforts. Additionally, the feature's capacity to facilitate the identification of dependencies across various business functions and relationships is highly valued by users, enabling them to make informed decisions and adjustments promptly.

### Vendor and Dependency Management
Users consistently praise Fusion Risk Management's vendor and dependency management capabilities. They appreciate the centralized repository of information, the ability to visualize dependencies across the enterprise, and the ease of collaboration with users. The platform's feature of quickly understanding process and system dependencies visually has been highlighted as a significant benefit, enabling companies to enhance their continuity and resilience efforts efficiently. Additionally, users find the visualization tool for dependencies across assets and resources to be particularly helpful in garnering internal support for business continuity initiatives. Despite some users mentioning the need for a team of practitioners to fully exploit the software, the general sentiment remains positive towards Fusion Risk Management's vendor and dependency management functionalities.

### Reporting and Dashboards
Users consistently highlight Fusion Risk Management's reporting and dashboard functionalities as key strengths of the platform. They appreciate the system's ability to generate detailed reports, pinpoint data gaps, and offer customizable dashboards for enhanced data visualization. While some users mention limitations in terms of object relationships and dashboard design, the overall sentiment leans towards Fusion's reporting and dashboard features being valuable assets for risk management and decision-making processes.

### Data Visualization and Analysis
Users consistently praise Fusion Risk Management for its robust data visualization and analysis capabilities, highlighting its effectiveness in identifying key risk indicators and facilitating quick decision-making processes. The platform's ability to visualize complex relationships and dependencies within the organization is particularly lauded, with users noting the significant reduction in manual work and the ease of tracking changes in real-time. Additionally, Fusion's capacity to distill intricate data into customizable deliverables for various stakeholders, from executives to engineers, is seen as a valuable asset in driving informed actions and strategies.

Users recommend considering whether your organization's BCM program justifies such a powerful and rather complex tool. They also suggest enlisting a cross representation of team members within your organization who can provide feedback and input on how Fusion Framework will function within your organization. Additionally, defining what you want and what you most need, mapping it out, and then letting the Fusion team help you get there is recommended. It is also suggested to find a consultant that can guide and implement everything in stages. Attending the regional RUGS event to get a sense of other experiences with Fusion Framework and to meet Fusion technical teams and experts who can assist with questions is recommended. Users highly recommend Fusion Framework for business continuity planning, describing it as a worthwhile investment. It is considered a fantastic tool to consolidate key elements to manage Continuity and Crisis Management programs from infancy to maturity. Fusion Framework is also recommended for data handling and management services, as it reduces the burden and helps analyze data and risk with ease. Users find Fusion Framework aptly suited for the works of a large firm and also a good launch for a small or micro firm. Other Risk Management services, such as Risk Management Information System (RMIS), are suggested to be considered in addition to Fusion Framework. Having an idea of how you want to implement Fusion Framework and being able to articulate how you want the system to function for your organization is recommended. However, integration with Workday should not be expected. It is suggested not to have in-house developers and instead consider more dedicated support with feature/functionality and integration along with better online self-help resources for users' convenience.


Fusion Risk Management headquartered in Chicago aims to redefine business continuity, risk management, and disaster recovery programs with the Fusion Framework System. With it, the vendor states that users can leverage dynamic data to track and monitor risks, align key strategic objectives to risk management techniques, and establish an integrated information foundation that extends across the enterprise.

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Risk Management Overview - Fusion Risk Management

The Fusion Framework® System™ aligns your strategic objectives to key risk management techniques through flexible and agile tools. You set the appropriate context to analyze, assess, monitor, and respond to risk, and integrate your data across the enterprise to make informed decisions. With Fusion Framework, you will see greater productivity and more impactful risk data as you establish your shared information foundation and program taxonomy.

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Lytx

Sr. Director, Operational Risk & Strategy

Fusion Risk Management 2023-10-25 19:29:38

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We use Fusion Risk Management primarily for our business continuity planning. Each department/function/process has a plan within the system and is used during a business disruption. Within these plans are business impact analysis data, required equipment/assets/applications, team information, and manual workarounds when we have a disruption. Also, we use Fusion Risk Management to track security incidents, risks, and other related threats to our Company. For reporting, we utilize the dashboard and reporting feature that shows us trends and give us more insight into what is occurring across our organization.

Intuitive and Easy to Use
Reporting and Dashboards using the data you enter and capture
Customization of layouts and fields to tailor your experience

Duplicating objects would be a great feature
More video-based tutorials and walkthroughs of improving experience needed
New features should automatically be added upon release

Strong foundation of business continuity planning
We have full visibility into the security of our business
We are prepared for the next 'bang' or disruption thanks to Fusion

AlertMedia, Ventiv IRM, Everbridge Mass Notification, Lytx