Governance Risk Management Software

The Risk Management module is MPG's comprehensive risk engine. It provides a structured risk register, risk assessment workflows, control management, risk treatment plans, incident tracking, and continuous monitoring — all connected to your governance obligations, policies, and third-party relationships.

Rather than treating risk as a standalone exercise, MPG connects every risk to the controls that mitigate it, the policies that govern it, the obligations that require it, and the third parties that introduce it. This creates a living risk picture that updates as your governance environment changes.

The module supports both enterprise risk management and operational risk, with configurable risk taxonomies, assessment templates, scoring methodologies, and appetite frameworks. Whether you are running an annual risk review cycle or responding to an emerging risk signal, MPG gives you the tools to act quickly and document thoroughly.

MPG provides a structured risk register where every risk is assessed for inherent and residual likelihood and impact, assigned an owner, linked to controls, and tracked through its treatment lifecycle. Risk assessment templates ensure consistency, while configurable scoring lets you adapt the methodology to your organization.

Risk appetite frameworks define tolerance thresholds, and the system flags when residual risk exceeds appetite — triggering treatment plans, escalations, and board reporting. Controls are linked to the risks they mitigate, with test results feeding directly into residual risk calculations.

Emerging risk signals and risk incidents are captured and routed through investigation, root cause analysis, and remediation workflows. Continuous monitoring through KPIs, assessments, and review cycles ensures your risk picture is always current.