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The Paradigm 3 Risk Management methodology provides a solution for measuring and assessing risk by allowing calculated fields with association formulas to be placed within any record in the Resources Cabinet or Improvement Generator. This outstanding capability allows companies to assess risk on an incident-by-incident basis, whether it is quality, safety, environmental, or general business.
Not only does this powerful module calculate the risk of an occurrence, it also automatically sends notifications to authorized personnel of calculated risks that have reached a pre-determined benchmark. This ensures immediate response to critical issues.
Paradigm 3 Risk Management is a tailored solution that identifies measures and assesses risks. As a result, it effectively ensures risks are mitigated in a controlled and efficient manner.
The Paradigm 3 Risk Management module offers the following features and benefits: