Are you getting the most from your Risk Management Information System (RMIS)?
You rely on your RMIS as a vital part of your organization’s health, but what do you do to ensure it is performing at its highest level? Not primarily systems responsiveness and availability, but they are important too. But how is your system meeting your current needs? Has your organization’s priorities changed since you implemented the system? What new functionality is available or not currently being utilized?
RMIS Optimization Review
An annual review of your company’s critical systems is important to ensure that they are functioning at the highest level, addressing your highest priorities, maximizing your return on investment, and taking advantage of all technological advances and new features. An independent review will provide a roadmap for improvement, governance oversight, build an internal case for the annual expenditure and help keep your RMIS on track and positioned for success.
RMIS Optimization Process:
- Interview key business process owners to evaluate system effectiveness
- Review organization’s priorities and how they are addressed by the system
- Review system documentation, including contract to determine compliance
- Review vendor’s service level and effectiveness
- Review current system and identify deficiencies and opportunities for improvement
- Evaluate new functionality and versions of the system not currently being utilized
RMIS Optimization Outcomes:
- Customized scorecard on RMIS utilization
- Provide feedback on current utilization of RMIS
- Recommend new functionality to be implemented or further evaluated
- Determine areas where training would be beneficial
- Identify current problems and strategies for preventing these issues in the future
- Identify areas of focus for upcoming year
Far too often systems are implemented and then not maintained or managed at a level that ensures it is continuing to support your organization’s needs and making a return on your investment. An independent review will help keep your RMIS on track and positioned for success.
Redhand Advisors performs the RMIS Optimization Review to ensure that your system is performing at the optimal level and that you are continuing to maximize your investment. Redhand’s information management consulting specializes in helping organizations improve outcomes through information management and technology.
For more information please contact Patrick O’Neill at poneill@redhandadvisors.com.