A RiskLens pilot is a consulting engagement and a small-scale implementation of the RiskLens software in your environment with your data to show the value of risk quantification.
Every pilot starts with RiskLens consultants onsite to help you identify one or two risk scenarios of high importance to your business. The deliverables include analyst- and executive-level reports showing your risk scenarios quantified in financial terms. A pilot is the best stepping stone to an efficient and robust risk management program.
Here are some of the immediate benefits to your organization from a pilot:
Learn More: What Is a RiskLens Pilot?
1. Low Cost
Increasingly, organizations are tightening their purse strings and requiring smarter justification for spending. In instances that an organization does not have the budget line-item for a risk analytics solution, they can and often do, purchase a pilot engagement. Most organizations prefer to use the pilot as a means for testing RiskLens in a real-life scenario while building the required documentation and support for project and budget justification.
2. Short Time Commitment
When an organization is attempting to implement change, a decision needs to be made in a timely way – a pilot can answer some key questions of decision makers. Pilots are usually only a one week time commitment that conclude with results and deliverables that can be used to make informed decisions by your risk analyst team.
3. No Training Required
While participating in training for the FAIR model (powering the RiskLens application) could make a pilot more seamless, it is not required. In any pilot, the objective is not to make the participants experts in FAIR or RiskLens. During a pilot, participants will see the process in which one would conduct a risk analysis and see results with specific use cases.
4. Proof of Fit
In every pilot, there are specific goals set by the organization. We like to clearly define these objectives to ensure they are met throughout the engagement.
5. Results Presentation
Following every pilot is a results presentation. At RiskLens, we like to deliver comprehensive information and results so clients can make a decision regarding building their quantitative risk management program.
6. Comprehensive Support
At RiskLens, we strive for unparalleled customer service and support. Some RiskLens team members who will be a part of your journey in a pilot may include (but are not limited to):
- An Account Executive: Your main point of contact, as it is the goal to ensure seamless transition through every part of your journey.
- Contracts/Legal: A member of our legal and/or contracts team will help finalize all documentation requirements for a pilot engagement.
- Professional Services: Multiple people from the professional services team will be involved in the pilot process. Professional Services will help scope, plan and conduct the pilot. At least one member will come on site during the week of the pilot.
- Customer Success: A member of our customer success team may be a part of your pilot to present the success factors of a quantitative risk management program.