datasheet

Archer Risk Assessment
Management

Use Case for Enterprise & Operational Risk Management
The Challenge
The introduction of new products and services, mergers and acquisitions, business processchanges, and fraud are often viewed as risk projects to be evaluated when making decisions
to move forward or enhance risk treatments. All too often, these kinds of project reviews areperformed on an ad hoc basis, using an unstructured and inconsistent approach. Bottom-up,
project-oriented risk assessments are prone to incomplete and unreliable information. Inaddition, IT and business teams are often asked to collect the same assessment data via
spreadsheets, Word documents, and email for different risk and compliance assessments. Thismanual approach results in missed projects and inconsistent and missed evaluation questions,risk treatments, and remediation plans. It also lacks an easy way to compare results ofmultiple assessments.
When risks cannot be properly identified or assessed, losses, in cidents, or other surprises related
to the project may arise at a later date. Without visibility to or accountability in addressing
known risks identified through bottom-up risk assessments, resource misallocation and slow
implementation in risk treatment are the typical results.

Overview
Archer Risk Assessment Management allows you to engage teams via targeted project riskassessments. Projects can include a fraud assessment or an assessment of a new product orservice, business process, merger, or acquisition. Projects can be documented and questionnaires
can be created with custom questions and questions derived from Archer’s extensive libraryof thousands of out-of-the-box questions. When risks are deemed too high, risk treatments
and remediation plans can be documented and tracked.

Features• Consistent approach to identifying and assessing project-related risk.
• Oversight and management of all risk assessments in process.
• Consolidated list of prioritized risk treatments and remediation plans.
• Visibility into assessment progress, risk treatments and remediation activity via pre-defined reports		 and risk dashboards.
• Increased ownership and accountability for assessments and remediation plans.

Benefits
With Archer Risk Assessment Management, you can:• Accelerate implementation of risk treatments and remediation plans associated with high risk projects.
• Reduce audit findings, surprises, loss events and incidents.
• Capture a full accounting of all findings from targeted risk assessments in one central repository.
• Execute a project risk rating methodology in alignment with your organization’s approach to risk management.
• Implement a consistent approach to project risk assessments, ensuring that all important considerations are evaluated from project to project.

About Archer
Archer is a leading provider of integrated risk management (IRM) solutions that enable customers to improve strategic decision-makingand operational resilience with a modern technology platform that supports qualitative and quantitative analysis driven by both businessand IT impacts. As true pioneers in GRC software, Archer remains solely dedicated to helping customers manage risk and compliancedomains, from traditional operational risk to emerging issues such as ESG. With over 20 years in the risk management industry, theArcher customer base represents one of the largest pure risk management communities globally, with more than 1,200 customers
including more than 50% of the Fortune 500.
Visit www.ArcherIRM.com.

@ArcherIRMArcher Integrated Risk Management©2024 Archer Technologies LLC. All rights reserved. Archer and the Archer logo are registered trademarks or trademarks of ArcherTechnologies LLC in the United States and other countries. All other trademarks are the property of their respective owners. Archerbelieves the information in this document is accurate. The information is subject to change without notice. 5/24 Data Sheet.