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?
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.
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.
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.
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.
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.
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):