<?xml version="1.0" encoding="UTF-8"?><?xml-stylesheet type="text/xsl" href="https://www.cloudtheapp.com/wp-content/plugins/rss-feed-styles/public/template.xsl"?><rss version="2.0"
	xmlns:content="http://purl.org/rss/1.0/modules/content/"
	xmlns:wfw="http://wellformedweb.org/CommentAPI/"
	xmlns:dc="http://purl.org/dc/elements/1.1/"
	xmlns:atom="http://www.w3.org/2005/Atom"
	xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"
	xmlns:slash="http://purl.org/rss/1.0/modules/slash/"
	xmlns:rssFeedStyles="http://www.lerougeliet.com/ns/rssFeedStyles#"
>

<channel>
	<title>riskmanagement Archives | Cloudtheapp</title>
	<atom:link href="https://www.cloudtheapp.com/tag/riskmanagement/feed/" rel="self" type="application/rss+xml" />
	<link>https://www.cloudtheapp.com/tag/riskmanagement/</link>
	<description>Configurable Quality Management &#38; Regulatory Compliance SaaS built on our Validated &#34;No-Code&#34; platform.</description>
	<lastBuildDate>Wed, 24 Sep 2025 23:51:24 +0000</lastBuildDate>
	<language>en-US</language>
	<sy:updatePeriod>
	hourly	</sy:updatePeriod>
	<sy:updateFrequency>
	1	</sy:updateFrequency>
	<generator>https://wordpress.org/?v=6.9.4</generator>

<image>
	<url>/wp-content/uploads/3.svg</url>
	<title>riskmanagement Archives | Cloudtheapp</title>
	<link>https://www.cloudtheapp.com/tag/riskmanagement/</link>
	<width>32</width>
	<height>32</height>
</image> 
	<item>
		<title>Exploring Failure Mode and Effects Analysis (FMEA) through Robinson Crusoe</title>
		<link>https://www.cloudtheapp.com/exploring-failure-mode-and-effects-analysis-fmea-through-robinson-crusoe/</link>
		
		<dc:creator><![CDATA[Wael Zebdeh]]></dc:creator>
		<pubDate>Mon, 14 Aug 2023 21:42:54 +0000</pubDate>
				<category><![CDATA[Cloudtheapp Blog]]></category>
		<category><![CDATA[General]]></category>
		<category><![CDATA[Cloudtheapp]]></category>
		<category><![CDATA[Enterprise Quality Management System]]></category>
		<category><![CDATA[FMEA]]></category>
		<category><![CDATA[riskmanagement]]></category>
		<category><![CDATA[RobinsonCrusoe]]></category>
		<guid isPermaLink="false">https://www.cloudtheapp.com/?p=9120</guid>

					<description><![CDATA[<p>Since my childhood days, I've been fascinated by the story of Robinson Crusoe. It's like a thrilling adventure that takes you to a world of exciting journeys, tough survival, and never giving up. The book, written by Daniel Defoe, isn't just a fun read – it actually teaches us a lot about how to...</p>
<p>This post created by and appeared first on <a href="https://www.cloudtheapp.com">Cloudtheapp</a></p>
]]></description>
										<content:encoded><![CDATA[		<div data-elementor-type="wp-post" data-elementor-id="9120" class="elementor elementor-9120" data-elementor-post-type="post">
						<section data-particle_enable="false" data-particle-mobile-disabled="false" class="elementor-section elementor-top-section elementor-element elementor-element-6d30b56 elementor-section-boxed elementor-section-height-default elementor-section-height-default" data-id="6d30b56" data-element_type="section" data-e-type="section">
						<div class="elementor-container elementor-column-gap-default">
					<div class="elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-254a50d" data-id="254a50d" data-element_type="column" data-e-type="column">
			<div class="elementor-widget-wrap elementor-element-populated">
						<div class="elementor-element elementor-element-f59d47c elementor-widget elementor-widget-text-editor" data-id="f59d47c" data-element_type="widget" data-e-type="widget" data-widget_type="text-editor.default">
				<div class="elementor-widget-container">
									<p>Since my childhood days, I&#8217;ve been fascinated by the story of Robinson Crusoe. It&#8217;s like a thrilling adventure that takes you to a world of exciting journeys, tough survival, and never giving up. The book, written by Daniel Defoe, isn&#8217;t just a fun read – it actually teaches us a lot about how to deal with risks and challenges. These lessons are cleverly woven into the ups and downs of the main character&#8217;s life, showing us how to face unexpected situations and come out on top.</p><p class="reader-text-block__paragraph"><strong>Navigating the Seas of Survival Risks: A Look Back in Time</strong></p><p class="reader-text-block__paragraph">To understand what Robinson Crusoe can teach us about managing risks, let&#8217;s go back in time to when the book was written. It was way back in 1719, a time when people were exploring the seas, trying new things in business, and starting to think about how to handle risks. This was during the &#8220;Age of Enlightenment,&#8221; when people were becoming more aware of the need to understand, control, and deal with the dangers that come with new adventures and unknown territories.</p><p class="reader-text-block__paragraph"><strong>Surviving Against All Odds: A Quick Summary of Robinson Crusoe&#8217;s Story</strong></p><p class="reader-text-block__paragraph">Robinson Crusoe, the main character, begins a sea journey with dreams of adventure and riches. But fate has other plans, and he ends up stranded on a deserted island after his ship gets wrecked. The heart of the story is all about Crusoe&#8217;s determination to survive, even when nature throws the toughest challenges his way. He has to find food, build shelter, and protect himself from dangers. All of these things he does to stay safe and eventually find a way to get rescued.</p><p class="reader-text-block__paragraph">For the sake of this article, let&#8217;s imagine that the story happened in this decade, and that Robinson Crusoe was a Quality Professional before he ended up on the island. We will focus on his project of building a survival boat to move away from the island, and then see how Robinson would use <a href="https://www.cloudtheapp.com/failure-mode-and-effects-analysis/">FMEA</a> techniques in building the survival boat.</p><p class="reader-text-block__paragraph"><strong>Robinson Crusoe: The Quality Professional&#8217;s Survival Project</strong></p><p class="reader-text-block__paragraph">In our modern imagining of Robinson Crusoe&#8217;s tale, let&#8217;s consider him not just as a castaway, but as someone with a professional background in quality management. Armed with knowledge and skills, he treats his island ordeal as a project in itself, particularly the ambitious task of constructing a survival boat to escape the island&#8217;s confines.</p><p class="reader-text-block__paragraph">Imagine Robinson assessing the risks and challenges involved in building this boat. He&#8217;s not only thinking about the physical construction but also the potential failures that could occur during his project. This is where the concept of Failure Modes and Effects Analysis (FMEA) comes into play – a systematic approach to understanding and addressing potential failures.</p><p class="reader-text-block__paragraph"><strong>Step 1: Defining Functions of the Survival Boat</strong></p><p class="reader-text-block__paragraph">Robinson Crusoe, leveraging his expertise as a Quality Professional, started his survival boat project by outlining its fundamental functions. These functions acted as the building blocks, guiding the boat&#8217;s design and purpose:</p><p class="reader-text-block__paragraph">1. <strong>Buoyancy</strong>: Keeping the boat afloat and stable.</p><p class="reader-text-block__paragraph">2. <strong>Structural Integrity</strong>: Creating a strong and resilient framework.</p><p class="reader-text-block__paragraph">3. <strong>Propulsion</strong>: Developing reliable means of movement.</p><p class="reader-text-block__paragraph">4. <strong>Steering</strong>: Establishing effective directional control.</p><p class="reader-text-block__paragraph">5. <strong>Safety and Protection</strong>: Providing shelter and guarding against hazards.</p><p class="reader-text-block__paragraph">6. <strong>Durability</strong>: Ensuring long-lasting strength against elements.</p><p class="reader-text-block__paragraph">7. <strong>Resource Efficiency</strong>: Using available materials efficiently.</p><p class="reader-text-block__paragraph">This function-focused approach formed the foundation for his boat-building efforts, setting the stage for a well-structured and purposeful project.</p><p class="reader-text-block__paragraph"><strong>Step 2: Brainstorming Potential Failures</strong></p><p class="reader-text-block__paragraph">Progressing in his survival boat project, Robinson Crusoe engaged in brainstorming to anticipate failures linked to each function. This proactive approach aimed to bolster the boat&#8217;s overall resilience.</p><p class="reader-text-block__paragraph">Robinson meticulously envisioned a spectrum of potential failures associated with each function, resulting in a comprehensive list of potential challenges:</p><p><img fetchpriority="high" decoding="async" class="alignnone size-full wp-image-9127" src="https://cdn.cloudtheapp.com/wp-content/uploads/Graph-1.jpg" alt="" width="1280" height="720" srcset="https://cdn.cloudtheapp.com/wp-content/uploads/Graph-1.jpg 1280w, https://cdn.cloudtheapp.com/wp-content/uploads/Graph-1-300x169.jpg 300w, https://cdn.cloudtheapp.com/wp-content/uploads/Graph-1-1024x576.jpg 1024w, https://cdn.cloudtheapp.com/wp-content/uploads/Graph-1-768x432.jpg 768w" sizes="(max-width: 1280px) 100vw, 1280px" /></p><div class="reader-image-block reader-image-block--full-width"><figure class="reader-image-block__figure"><div class="ivm-image-view-model   "><div class="ivm-view-attr__img-wrapper ivm-view-attr__img-wrapper--use-img-tag display-flex
        
        "> </div></div></figure></div><p class="reader-text-block__paragraph">Robinson&#8217;s meticulous organization facilitated a clear view of potential risks within each function. This structured framework guided his decision-making, empowering him to proactively address these risks while constructing the survival boat.</p><p class="reader-text-block__paragraph"><strong>Step 3: Calculating Risk Priority Number (RPN) for Potential Failures</strong></p><p class="reader-text-block__paragraph">In Robinson Crusoe&#8217;s quest to construct a sturdy survival boat, his expertise as a Quality Professional guided him to the pivotal task of calculating the Risk Priority Number (RPN) for each potential failure. By systematically evaluating and quantifying risks, he could prioritize his actions and allocate resources more effectively.</p><p class="reader-text-block__paragraph">Understanding the Parameters: <a href="https://www.cloudtheapp.com/glossary-severity/">Severity</a>, Likelihood, and Detectability</p><p class="reader-text-block__paragraph">Robinson meticulously assessed three critical parameters for each potential failure:</p><p class="reader-text-block__paragraph">1. <strong>Severity (S):</strong> He assigned a numerical value ranging from 1 (low) to 5 (high) to reflect the potential impact of a failure. For instance, under &#8220;Structural Integrity,&#8221; he considered the possibility of &#8220;Structural collapse&#8221; and rated the severity as 4 (high).</p><p class="reader-text-block__paragraph">2. <strong>Likelihood (L):</strong> Robinson used the same numerical scale to estimate the likelihood of a potential failure, with 1 representing low likelihood and 5 representing high likelihood. When analyzing &#8220;Buoyancy,&#8221; he gave &#8220;Sinking, instability&#8221; a likelihood rating of 2 (medium).</p><p class="reader-text-block__paragraph">3. <strong>Detectability (D):</strong> Similar to severity and likelihood, Robinson assigned numerical values to detectability, indicating how easily a failure could be spotted before it escalates. For example, he assessed the detectability of &#8220;Lack of forward motion&#8221; under &#8220;Propulsion&#8221; as 2 (medium).</p><p class="reader-text-block__paragraph">Calculating the Risk Priority Number (RPN)</p><p class="reader-text-block__paragraph">The Risk Priority Number (RPN) is derived by multiplying severity, likelihood, and detectability:</p><p class="reader-text-block__paragraph"><strong>RPN=Severity(S)×Likelihood(L)×Detectability(D)</strong></p><p class="reader-text-block__paragraph">For instance, let&#8217;s calculate the RPN for &#8220;Structural collapse&#8221; under &#8220;Structural Integrity.&#8221; Assuming S = 4, L = 1, and D = 2:</p><p class="reader-text-block__paragraph"><strong>RPN=4×1×2=8</strong></p><p class="reader-text-block__paragraph">Enhancing the Table with RPN Calculation</p><p class="reader-text-block__paragraph">The table below has been updated with the calculated Severity, Likelihood, Detectability, and RPN values for each potential failure:</p><p><img decoding="async" class="alignnone size-full wp-image-9128" src="https://cdn.cloudtheapp.com/wp-content/uploads/Graph-2.jpg" alt="" width="1280" height="720" srcset="https://cdn.cloudtheapp.com/wp-content/uploads/Graph-2.jpg 1280w, https://cdn.cloudtheapp.com/wp-content/uploads/Graph-2-300x169.jpg 300w, https://cdn.cloudtheapp.com/wp-content/uploads/Graph-2-1024x576.jpg 1024w, https://cdn.cloudtheapp.com/wp-content/uploads/Graph-2-768x432.jpg 768w" sizes="(max-width: 1280px) 100vw, 1280px" /></p><div class="reader-image-block reader-image-block--full-width"><figure class="reader-image-block__figure"><div class="ivm-image-view-model   "><div class="ivm-view-attr__img-wrapper ivm-view-attr__img-wrapper--use-img-tag display-flex
        
        "> </div></div></figure></div><p class="reader-text-block__paragraph">By employing this meticulous calculation and organization, Robinson Crusoe effectively prioritized his efforts and resources, ensuring a resilient and reliable survival boat</p><p class="reader-text-block__paragraph"><strong>Step 4: Prioritizing Risks and Crafting Ingenious Island-Based Controls</strong></p><p class="reader-text-block__paragraph">Robinson Crusoe&#8217;s unwavering quest for a resilient survival boat entailed meticulous risk categorization based on their Risk Priority Numbers (RPNs). This strategic approach facilitated targeted resource allocation, enabling precise handling of critical risks. RPNs were stratified into three tiers, guiding their urgency:</p><p class="reader-text-block__paragraph">• <strong>High Priority (RPN &gt; 40):</strong> Demanding immediate and decisive action.</p><p class="reader-text-block__paragraph">• <strong>Moderate Priority (20 &lt; RPN ≤ 40): </strong>Requiring thoughtful attention and effective intervention.</p><p class="reader-text-block__paragraph">• <strong>Low Priority (RPN ≤ 20):</strong> Necessitating regular monitoring and assessment.</p><p class="reader-text-block__paragraph">Robinson&#8217;s innate resourcefulness swiftly identified risks with RPNs exceeding 20 as intolerable threats. To counter these risks, he ingeniously devised island-specific controls, seamlessly integrating his environment. These controls encompassed ingenious boat design and construction adjustments, calibrated to either diminish likelihood or amplify the detectability of potential failures. Acknowledging the immutable severity, Robinson&#8217;s focus on modifying likelihood and detectability stood as a robust defense against overall risk.</p><p class="reader-text-block__paragraph">Robinson&#8217;s inventive approach to controls drew from the abundant island resources at his disposal. He astutely leveraged his surroundings to address risks. For instance, if a high likelihood of a specific failure emerged, Robinson adroitly designed boat elements using locally-sourced, resilient materials, reducing the <a href="https://www.cloudtheapp.com/glossary-probability/">probability</a> of that failure. Conversely, if inadequate detectability was a challenge, he conceived innovative modifications to bolster <a href="https://www.cloudtheapp.com/glossary-inspection/">inspection</a> points, ensuring timely identification of potential issues.</p><p class="reader-text-block__paragraph">The ensuing table encapsulates Robinson Crusoe&#8217;s island-honed <a href="https://www.cloudtheapp.com/glossary-risk-management/">risk management</a> strategy. It showcases initial Severity, Likelihood, Detectability, and RPN values. Moreover, it highlights Robinson&#8217;s ingenious island-adapted controls, recalibrated Likelihood and Detectability values (which might go up or down based on the control), and meticulously revised RPN values for each potential failure:<br /><img decoding="async" class="alignnone size-full wp-image-9129" src="https://cdn.cloudtheapp.com/wp-content/uploads/Graph-3.jpg" alt="" width="1280" height="720" srcset="https://cdn.cloudtheapp.com/wp-content/uploads/Graph-3.jpg 1280w, https://cdn.cloudtheapp.com/wp-content/uploads/Graph-3-300x169.jpg 300w, https://cdn.cloudtheapp.com/wp-content/uploads/Graph-3-1024x576.jpg 1024w, https://cdn.cloudtheapp.com/wp-content/uploads/Graph-3-768x432.jpg 768w" sizes="(max-width: 1280px) 100vw, 1280px" /></p><div class="reader-image-block reader-image-block--full-width"><figure class="reader-image-block__figure"><div class="ivm-image-view-model   "><div class="ivm-view-attr__img-wrapper ivm-view-attr__img-wrapper--use-img-tag display-flex
        
        "> </div></div></figure></div><p class="reader-text-block__paragraph">Robinson Crusoe&#8217;s ingenious manipulation of island-adapted controls, coupled with the recalibrated parameters, underscores his sagacity in navigating risks within his unique island milieu. His thoughtful approach fortifies the survival boat project, transforming it into a robust and ingenious testament to island-based ingenuity.</p><p class="reader-text-block__paragraph"><strong>Closing: A Legacy of Island-Borne Wisdom and Modern Paradigms</strong></p><p class="reader-text-block__paragraph">Robinson Crusoe&#8217;s remarkable story, blending unwavering determination and creative problem-solving, highlights the effectiveness of a prioritized approach to managing risks. Using a method called <a href="https://www.cloudtheapp.com/failure-mode-and-effects-analysis-fmea-in-medical-devices/">Failure Mode</a> and Effects Analysis (FMEA), Robinson carefully identified, assessed, and controlled potential dangers. He skillfully built a survival boat that defied the odds, showing his commitment to reducing risks. This not only led to the success of his boat project but also his eventual victory over the challenging island conditions.</p><p class="reader-text-block__paragraph">Even in today&#8217;s modern industries, Robinson&#8217;s imaginary survival strategies still hold value. While the core idea of prioritizing risks remains the same, the tools available to us have greatly improved. With digital technology, we now have advanced FMEA systems that provide clear insights from planning to execution. In addition, embedded analytics give us real-time information to make better decisions and speed up risk reduction efforts.</p><p class="reader-text-block__paragraph">Reflecting on Robinson&#8217;s journey from a deserted island to triumph, we find inspiration in his determination and smart risk management. In our current world, we use cutting-edge technology to navigate complex challenges, guided by FMEA principles. Just as Robinson overcame his island obstacles, we, armed with modern tools, embark on a journey of innovation and resilience, aiming for a future filled with successful achievements.</p><p class="reader-text-block__paragraph"><strong>THE END</strong></p>								</div>
				</div>
					</div>
		</div>
					</div>
		</section>
				<section data-particle_enable="false" data-particle-mobile-disabled="false" class="elementor-section elementor-top-section elementor-element elementor-element-dd5b63f elementor-section-boxed elementor-section-height-default elementor-section-height-default" data-id="dd5b63f" data-element_type="section" data-e-type="section">
						<div class="elementor-container elementor-column-gap-default">
					<div class="elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-f7b5190" data-id="f7b5190" data-element_type="column" data-e-type="column">
			<div class="elementor-widget-wrap elementor-element-populated">
						<div class="elementor-element elementor-element-165d7ea elementor-widget elementor-widget-video" data-id="165d7ea" data-element_type="widget" data-e-type="widget" data-settings="{&quot;youtube_url&quot;:&quot;https:\/\/www.youtube.com\/watch?v=ITm-qENW-Bc&quot;,&quot;video_type&quot;:&quot;youtube&quot;,&quot;controls&quot;:&quot;yes&quot;}" data-widget_type="video.default">
				<div class="elementor-widget-container">
							<div class="elementor-wrapper elementor-open-inline">
			<div class="elementor-video"></div>		</div>
						</div>
				</div>
					</div>
		</div>
					</div>
		</section>
				<section data-particle_enable="false" data-particle-mobile-disabled="false" class="elementor-section elementor-top-section elementor-element elementor-element-e456ae6 elementor-section-boxed elementor-section-height-default elementor-section-height-default" data-id="e456ae6" data-element_type="section" data-e-type="section">
						<div class="elementor-container elementor-column-gap-default">
					<div class="elementor-column elementor-col-33 elementor-top-column elementor-element elementor-element-2ea7479" data-id="2ea7479" data-element_type="column" data-e-type="column">
			<div class="elementor-widget-wrap">
							</div>
		</div>
				<div class="elementor-column elementor-col-33 elementor-top-column elementor-element elementor-element-d338223" data-id="d338223" data-element_type="column" data-e-type="column">
			<div class="elementor-widget-wrap elementor-element-populated">
						<div class="elementor-element elementor-element-9b669cc eael-infobox-shape-circle eael-infobox-hover-img-shape-circle eael-infobox-content-align--center elementor-widget elementor-widget-eael-info-box" data-id="9b669cc" data-element_type="widget" data-e-type="widget" data-widget_type="eael-info-box.default">
				<div class="elementor-widget-container">
					            <a href="https://www.linkedin.com/in/wael-zebdeh-93664621/">
	            <div class="eael-infobox icon-on-top">
	            <div class="infobox-icon">

                            <img decoding="async" src="//cdn.cloudtheapp.com/wp-content/uploads/Wael-x-small.jpeg" alt="">
            
            
            
        </div>
            <div class="infobox-content">
                    <div class="infobox-title-section">
                <h2 class="title">Wael Zebdeh</h2>            </div>
            <div><p>CTO at Cloudtheapp</p></div>        </div>
            </div>

		            </a>
						</div>
				</div>
					</div>
		</div>
				<div class="elementor-column elementor-col-33 elementor-top-column elementor-element elementor-element-96f5ddb" data-id="96f5ddb" data-element_type="column" data-e-type="column">
			<div class="elementor-widget-wrap">
							</div>
		</div>
					</div>
		</section>
				</div>
		<p>This post created by and appeared first on <a href="https://www.cloudtheapp.com">Cloudtheapp</a></p>
]]></content:encoded>
					
		
		
			</item>
		<item>
		<title>Cloudtheapp Introduces New Enterprise Risk Management Solution</title>
		<link>https://www.cloudtheapp.com/cloudtheapp-introduces-new-enterprise-risk-management-solution/</link>
		
		<dc:creator><![CDATA[Hani Obaid]]></dc:creator>
		<pubDate>Mon, 11 May 2020 10:26:35 +0000</pubDate>
				<category><![CDATA[Cloudtheapp Blog]]></category>
		<category><![CDATA[Platform]]></category>
		<category><![CDATA[Cloudtheapp]]></category>
		<category><![CDATA[covid19]]></category>
		<category><![CDATA[covid19impact]]></category>
		<category><![CDATA[covidresponse]]></category>
		<category><![CDATA[enterpriseriskmanagement]]></category>
		<category><![CDATA[operationalrisk]]></category>
		<category><![CDATA[Quality Management System]]></category>
		<category><![CDATA[risk]]></category>
		<category><![CDATA[riskanalysis]]></category>
		<category><![CDATA[riskassessment]]></category>
		<category><![CDATA[riskmanagement]]></category>
		<category><![CDATA[riskmanagers]]></category>
		<category><![CDATA[riskmitigation]]></category>
		<category><![CDATA[risks]]></category>
		<guid isPermaLink="false">https://www.cloudtheapp.com/?p=4090</guid>

					<description><![CDATA[<p>No business expected or could have adequately prepared for the current Covid-19 pandemic. The scale of the crisis is unprecedented in modern times. Even so, some businesses were still better able to handle the crisis. More often than not this is because they had enumerated possible risks to their...</p>
<p>This post created by and appeared first on <a href="https://www.cloudtheapp.com">Cloudtheapp</a></p>
]]></description>
										<content:encoded><![CDATA[		<div data-elementor-type="wp-post" data-elementor-id="4090" class="elementor elementor-4090" data-elementor-post-type="post">
						<section data-particle_enable="false" data-particle-mobile-disabled="false" class="elementor-section elementor-top-section elementor-element elementor-element-f1a909c elementor-section-boxed elementor-section-height-default elementor-section-height-default" data-id="f1a909c" data-element_type="section" data-e-type="section">
						<div class="elementor-container elementor-column-gap-default">
					<div class="elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-e38d75b" data-id="e38d75b" data-element_type="column" data-e-type="column">
			<div class="elementor-widget-wrap elementor-element-populated">
						<div class="elementor-element elementor-element-a06a496 elementor-widget elementor-widget-text-editor" data-id="a06a496" data-element_type="widget" data-e-type="widget" data-widget_type="text-editor.default">
				<div class="elementor-widget-container">
									<p>No business expected or could have adequately prepared for the current Covid-19 pandemic. The scale of the crisis is unprecedented in modern times. Even so, some businesses were still better able to handle the crisis.</p><p>More often than not this is because they had enumerated possible risks to their business, and created a high preparedness plan to prevent risks where possible, and otherwise mitigate and contain them. </p><p>Such a plan would have prompted to have existing <a href="https://www.cloudtheapp.com/processes/">processes</a> in place for things like financial reserves, work from home, online shopping, seamless product delivery to consumers, a social distancing friendly work environment, continuity of supplies, and much more.</p><p>Cloudtheapp is proud to introduce its <a href="https://www.cloudtheapp.com/risk/" target="_blank" rel="noopener">Enterprise Risk Management</a> (<a href="https://www.cloudtheapp.com/enterprise-risk-management/">ERM</a>) solution to help you secure your business from such possibilities.</p><p>Our <a href="https://www.cloudtheapp.com/glossary-enterprise-risk-management/">Enterprise Risk management</a> (ERM) is a solution that can be used to register, and track risks within an organization:</p><ul><li>Identify risks and opportunities, and categorize them.</li><li>Assess risks based on priority and <a href="https://www.cloudtheapp.com/glossary-severity/">severity</a> and document their impact, and risk analysis.</li><li>Create a response plan with an action to mitigate, transfer, avoid, remove, accept, enhance or retain risks.</li><li>Reassess risks after executing response plans.</li><li>Monitor risks closely and further execute your plans upon a risk trigger.</li></ul><p>With our Enterprise <a href="https://www.cloudtheapp.com/glossary-risk-management/">Risk Management</a>, you can seamlessly Integrate with <a href="https://www.cloudtheapp.com/compliance-requirements/">Compliance Requirements</a> to avoid <a href="https://www.cloudtheapp.com/glossary-compliance-risk/">compliance risks</a> with Standards, Regulations and Guidelines. You can also extend your risk plans with a complete <a href="https://www.cloudtheapp.com/change-management/">Change Management</a> cycle, and use <a href="https://www.cloudtheapp.com/audits/">Audits</a> to continually enhance your Risk Handling approach.</p><p>All your risks managed in one place, regardless of whether they are Strategic, Operational, Financial, Compliance or Hazardous risks. You have all you need to manage them appropriately. Eliminate your concerns regarding what you should be doing if anything goes wrong related to your business, and start to put actionable plans in place that address all kinds of risks, using a systematic, organized, centralized, and intelligent approach.</p><p>With the ERM module at the heart of our Enterprise Risk Management System, our solution is powered by many Apps and Processes that implement Quality and industry best practices, including but not limited to:</p><p>&#8211; Enterprise Risk Management<br />&#8211; <a href="https://www.cloudtheapp.com/risk-assessments/">Risk Assessments</a><br />&#8211; <a href="https://www.cloudtheapp.com/documents/">DOCUMENTS</a><br />&#8211; AUDITS<br />&#8211; CHANGE MANAGEMENT<br />&#8211; <a href="https://www.cloudtheapp.com/tasks/">TASKS</a><br />&#8211; COMPLIANCE REQUIREMENTS</p><p>Implemented on top of Cloudtheapp’s revolutionary cloud platform, you can configure every detail of your risk management solution without coding or scripting, and even extend it by adding your own processes and business applications. You can land your <a href="https://www.cloudtheapp.com/inside-cloudtheapp-connected-teams/">suppliers</a> on the same platform to implement the best Enterprise Risk Management solution across the supply chain that feeds your end product. Keep your suppliers aligned with your risk response plans and assign them tasks for a holistic and complete preparedness. Use built-in analytics to monitor your risk management program and maximize what you can do with our platform.</p>								</div>
				</div>
					</div>
		</div>
					</div>
		</section>
				<section data-particle_enable="false" data-particle-mobile-disabled="false" class="elementor-section elementor-top-section elementor-element elementor-element-b3488aa elementor-section-boxed elementor-section-height-default elementor-section-height-default" data-id="b3488aa" data-element_type="section" data-e-type="section">
						<div class="elementor-container elementor-column-gap-default">
					<div class="elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-88c438c" data-id="88c438c" data-element_type="column" data-e-type="column">
			<div class="elementor-widget-wrap elementor-element-populated">
						<div class="elementor-element elementor-element-376e0c1 innerpage_hd elementor-widget elementor-widget-heading" data-id="376e0c1" data-element_type="widget" data-e-type="widget" data-widget_type="heading.default">
				<div class="elementor-widget-container">
					<h2 class="elementor-heading-title elementor-size-default">START YOUR RISK MANAGEMENT JOURNEY TODAY</h2>				</div>
				</div>
					</div>
		</div>
					</div>
		</section>
				<section data-particle_enable="false" data-particle-mobile-disabled="false" class="elementor-section elementor-top-section elementor-element elementor-element-6499ab2 elementor-section-boxed elementor-section-height-default elementor-section-height-default" data-id="6499ab2" data-element_type="section" data-e-type="section">
						<div class="elementor-container elementor-column-gap-default">
					<div class="elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-3ec7e14" data-id="3ec7e14" data-element_type="column" data-e-type="column">
			<div class="elementor-widget-wrap elementor-element-populated">
						<div class="elementor-element elementor-element-6ea9466 elementor-widget elementor-widget-image" data-id="6ea9466" data-element_type="widget" data-e-type="widget" data-widget_type="image.default">
				<div class="elementor-widget-container">
												<figure class="wp-caption">
										<img loading="lazy" decoding="async" width="800" height="450" src="//cdn.cloudtheapp.com/wp-content/uploads/illustrate-1024x576.png" class="attachment-large size-large wp-image-4117" alt="" srcset="https://cdn.cloudtheapp.com/wp-content/uploads/illustrate-1024x576.png 1024w, https://cdn.cloudtheapp.com/wp-content/uploads/illustrate-300x169.png 300w, https://cdn.cloudtheapp.com/wp-content/uploads/illustrate-768x432.png 768w, https://cdn.cloudtheapp.com/wp-content/uploads/illustrate.png 1400w" sizes="(max-width: 800px) 100vw, 800px" />											<figcaption class="widget-image-caption wp-caption-text">Cloudtheapp's Enterprise Risk Management Application and how it integrates with other compliance processes for end-to-end handling.</figcaption>
										</figure>
									</div>
				</div>
					</div>
		</div>
					</div>
		</section>
				<section data-particle_enable="false" data-particle-mobile-disabled="false" class="elementor-section elementor-top-section elementor-element elementor-element-76e666a elementor-section-boxed elementor-section-height-default elementor-section-height-default" data-id="76e666a" data-element_type="section" data-e-type="section">
						<div class="elementor-container elementor-column-gap-default">
					<div class="elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-6e65be1" data-id="6e65be1" data-element_type="column" data-e-type="column">
			<div class="elementor-widget-wrap elementor-element-populated">
						<div class="elementor-element elementor-element-ec9e0be elementor-widget elementor-widget-image" data-id="ec9e0be" data-element_type="widget" data-e-type="widget" data-widget_type="image.default">
				<div class="elementor-widget-container">
												<figure class="wp-caption">
										<img loading="lazy" decoding="async" width="800" height="450" src="//cdn.cloudtheapp.com/wp-content/uploads/Risk-Guidance-Matrix-1024x576.jpg" class="attachment-large size-large wp-image-3949" alt="" srcset="https://cdn.cloudtheapp.com/wp-content/uploads/Risk-Guidance-Matrix-1024x576.jpg 1024w, https://cdn.cloudtheapp.com/wp-content/uploads/Risk-Guidance-Matrix-300x169.jpg 300w, https://cdn.cloudtheapp.com/wp-content/uploads/Risk-Guidance-Matrix-768x432.jpg 768w, https://cdn.cloudtheapp.com/wp-content/uploads/Risk-Guidance-Matrix.jpg 1280w" sizes="(max-width: 800px) 100vw, 800px" />											<figcaption class="widget-image-caption wp-caption-text">On deploying the risk assessments module, configure <a href="https://www.cloudtheapp.com/glossary-probability/">probability</a> and severity levels as needed. Then for each risk being assessed the system will automatically calculate the related risk. The user will then be able to perform the impact and risk analysis and attach any related documents or images as evidence.</figcaption>
										</figure>
									</div>
				</div>
					</div>
		</div>
					</div>
		</section>
				<section data-particle_enable="false" data-particle-mobile-disabled="false" class="elementor-section elementor-top-section elementor-element elementor-element-b4335b8 elementor-section-boxed elementor-section-height-default elementor-section-height-default" data-id="b4335b8" data-element_type="section" data-e-type="section">
						<div class="elementor-container elementor-column-gap-default">
					<div class="elementor-column elementor-col-33 elementor-top-column elementor-element elementor-element-3af23b5" data-id="3af23b5" data-element_type="column" data-e-type="column">
			<div class="elementor-widget-wrap">
							</div>
		</div>
				<div class="elementor-column elementor-col-33 elementor-top-column elementor-element elementor-element-5fa4dfa" data-id="5fa4dfa" data-element_type="column" data-e-type="column">
			<div class="elementor-widget-wrap elementor-element-populated">
						<div class="elementor-element elementor-element-8cd721d eael-infobox-shape-circle eael-infobox-hover-img-shape-circle eael-infobox-content-align--center elementor-widget elementor-widget-eael-info-box" data-id="8cd721d" data-element_type="widget" data-e-type="widget" data-widget_type="eael-info-box.default">
				<div class="elementor-widget-container">
					            <a href="https://www.linkedin.com/in/haniobaid/">
	            <div class="eael-infobox icon-on-top">
	            <div class="infobox-icon">

                            <img decoding="async" src="//cdn.cloudtheapp.com/wp-content/uploads/Hani-Obaid.jpg" alt="">
            
            
            
        </div>
            <div class="infobox-content">
                    <div class="infobox-title-section">
                <h2 class="title">Hani Obaid</h2>            </div>
            <div>Tech Lead at Cloudtheapp</div>        </div>
            </div>

		            </a>
						</div>
				</div>
					</div>
		</div>
				<div class="elementor-column elementor-col-33 elementor-top-column elementor-element elementor-element-9fb2c69" data-id="9fb2c69" data-element_type="column" data-e-type="column">
			<div class="elementor-widget-wrap">
							</div>
		</div>
					</div>
		</section>
				</div>
		<p>This post created by and appeared first on <a href="https://www.cloudtheapp.com">Cloudtheapp</a></p>
]]></content:encoded>
					
		
		
			</item>
	</channel>
</rss>
