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Cloud-Based

Access from anywhere with Azure Cloud hosting

Secure

Role-based access, encryption, and full audit trails

Mobile App

Field data collection with offline capability

API Ready

Integrate with SAP, Oracle, and other systems

Analytics

Real-time dashboards and KPI monitoring

Paperless

Eliminate manual, paper-based workflows

Integrated Modules

FULL FEATURE LIST

Everything Included

Risk Register & Inventory

  • Centralised Risk Register ? All Risks Across Departments & Projects
  • Risk Entry with Title, Description, Category, Owner & Date Raised
  • Risk Source & Trigger Identification (Internal / External)
  • Risk Category Taxonomy ? Strategic, Operational, Financial, Compliance, Reputational
  • Risk Hierarchy ? Enterprise, Department, Project & Process Level
  • Risk Duplication Check & Merge for Overlapping Entries
  • Risk Status Tracking ? Identified, Under Assessment, Mitigated, Closed
  • Bulk Import of Risks from Excel / CSV Template

Risk Identification Techniques

  • SWOT Analysis Template ? Strengths, Weaknesses, Opportunities, Threats
  • PESTLE Analysis Framework ? Political, Economic, Social, Tech, Legal, Environmental
  • Bow-tie Analysis ? Threat Sources, Top Event & Consequences
  • Hazard & Operability Study (HAZOP) Log
  • Brainstorming & Workshop Facilitation Record
  • Risk Prompt List & Industry-specific Risk Library
  • Root Cause Analysis (RCA) Linkage to Identified Risks
  • Opportunity Register ? Upside Risk Identification & Capture

Context Setting & Stakeholder Analysis

  • Internal & External Context Definition (ISO 31000 Aligned)
  • Organisational Objectives & Risk Appetite Statement Configuration
  • Stakeholder Register ? Identification, Interest Level & Influence Mapping
  • Risk Criteria Definition ? Likelihood & Consequence Scales
  • Risk Tolerance & Appetite Thresholds per Category
  • Scope of Risk Management Plan Documentation
  • Legal, Regulatory & Contractual Obligation Register
  • Context Review & Update Schedule

Risk Assessment & Scoring Matrix

  • Configurable Likelihood Scale (3?3, 4?4, 5?5 Matrix)
  • Consequence / Impact Scale ? Financial, Safety, Reputational, Operational
  • Inherent Risk Score = Likelihood ? Consequence (Before Controls)
  • Residual Risk Score = Likelihood ? Consequence (After Controls Applied)
  • Colour-coded Risk Heat Map ? Green / Amber / Red / Dark Red
  • Velocity & Detectability Dimensions (Optional Advanced Scoring)
  • Multi-dimensional Impact Assessment Across Multiple Categories
  • Risk Score History & Trend ? How Risk Has Changed Over Time

Qualitative & Quantitative Risk Analysis

  • Qualitative Risk Scoring with Descriptive Likelihood & Impact Scales
  • Quantitative Risk Analysis ? Expected Monetary Value (EMV) Calculation
  • Monte Carlo Simulation for Probability Distribution of Risk Impact
  • Sensitivity Analysis ? Tornado Chart Identification of Key Drivers
  • Failure Mode & Effect Analysis (FMEA) ? RPN Calculation
  • Fault Tree Analysis (FTA) ? Probability of Top Event Calculation
  • Value at Risk (VaR) for Financial Risk Quantification
  • Risk Aggregation ? Portfolio-level Combined Risk Exposure

Risk Prioritisation & Ranking

  • Automatic Risk Priority Ranking by Risk Score
  • Top 10 / Top 20 Critical Risks Dashboard
  • Risk Comparison & Side-by-side Evaluation
  • Risk Appetite Threshold Breach Alerting
  • Escalation Rules ? Auto-escalate High & Critical Risks to Senior Management
  • Risk Clustering by Category, Owner or Business Unit
  • Strategic vs Operational Risk Separation & Prioritisation
  • Executive Risk Summary ? Risks Above Tolerance Level

Risk Treatment Planning

  • Treatment Option Selection ? Avoid, Reduce, Share/Transfer, Accept
  • Treatment Action Plan with Owner, Due Date & Resource Allocation
  • Control Measure Documentation ? Preventive & Detective Controls
  • Treatment Effectiveness Rating ? Reduces Likelihood, Impact or Both
  • Residual Risk Calculation After Treatment Application
  • Treatment Cost vs Risk Reduction Benefit Analysis
  • Insurance & Risk Transfer Documentation Module
  • Contingency Plan & Business Continuity Linkage

Control Library & Effectiveness Testing

  • Enterprise Control Library ? Reusable Controls Mapped to Multiple Risks
  • Control Type Classification ? Preventive, Detective, Corrective, Directive
  • Control Owner Assignment & Accountability Tracking
  • Control Design Effectiveness Assessment
  • Control Operating Effectiveness Testing Schedule & Results
  • Control Deficiency Log & Remediation Workflow
  • Key Risk Indicator (KRI) Linkage to Control Performance
  • Three Lines of Defence Model Mapping

Issue & Incident Management

  • Incident Reporting Form ? Online Submission by Any Staff Member
  • Incident Categorisation ? Near Miss, Incident, Non-conformance, Loss Event
  • Incident Linkage to Risk Register ? Triggered Risk Materialisation
  • Severity Assessment & Immediate Action Capture
  • Root Cause Analysis (RCA) Workflow ? 5 Whys, Fishbone Diagram
  • Corrective Action Plan with Owner & Due Date
  • Incident Trend Analysis ? Frequency & Severity Over Time
  • Regulatory Reportable Incident Flag & Notification Workflow

Key Risk Indicators (KRI) & Early Warning

  • KRI Library ? Pre-built & Custom Indicators per Risk Category
  • KRI Threshold Configuration ? Green / Amber / Red Alert Levels
  • Automated KRI Data Feed from Business Systems (ERP, LIMS, Finance)
  • KRI Dashboard ? Real-time Status of All Indicators
  • KRI Breach Notification to Risk Owner & Senior Management
  • KRI Trend Chart ? Historical Indicator Values Over Time
  • KRI Review Schedule & Periodic Recalibration Workflow
  • KRI vs Risk Score Correlation Analysis

Risk Review & Reassessment

  • Periodic Risk Review Schedule ? Monthly, Quarterly, Annual
  • Risk Owner Review Reminder & Confirmation Workflow
  • Risk Score Reassessment & Change Justification Log
  • New / Emerging Risk Identification During Review Cycle
  • Review Meeting Minutes & Action Item Capture
  • Risk Closure Process ? Evidence Upload & Approval Workflow
  • Closed Risk Archive with Full Audit History
  • Change Management Trigger ? Auto Risk Review on Major Organisational Change

Audit & Assurance Integration

  • Internal Audit Plan Linkage to Risk Register
  • Audit Finding & Observation Import into Risk System
  • Risk-based Audit Universe ? Audit Priority from Risk Score
  • External Audit & Regulatory Inspection Finding Management
  • Assurance Map ? Who Provides Assurance on Each Risk
  • Combined Assurance View Across Three Lines of Defence
  • Audit Recommendation Follow-up & Status Tracking
  • Regulatory Compliance Status Dashboard per Obligation

Risk Reporting & Dashboards

  • Executive Risk Dashboard ? Portfolio Heat Map & Top Risk Summary
  • Board / Committee Risk Report ? Automated PDF Generation
  • Departmental Risk Report ? Risks Filtered by Business Unit
  • Risk Trend Report ? How Portfolio Risk Has Changed Over Period
  • KRI Status Report ? All Indicators with RAG Status
  • Treatment Progress Report ? Open Actions & Overdue Items
  • Incident Summary Report ? Frequency, Severity & Category Breakdown
  • Scheduled Report Distribution to Stakeholders via Email

Heat Map & Visual Risk Analytics

  • Interactive Risk Heat Map ? Click to Drill into Individual Risks
  • Bubble Chart ? Risk Score, Velocity & Financial Exposure
  • Risk Category Breakdown ? Pie & Bar Charts
  • Inherent vs Residual Risk Scatter Plot
  • Risk Trend Line ? Score Movement Over Time per Risk
  • Geographic Risk Map ? Risks by Location / Region
  • Risk Concentration Analysis by Owner, Department & Category
  • Export All Charts to PDF, PNG & PowerPoint

Stakeholder Communication & Notifications

  • Automated Notification ? New Risk Assigned to Owner
  • Risk Score Change Alert to Owner & Manager
  • KRI Threshold Breach Alert ? Email & In-app Notification
  • Overdue Action Reminder & Escalation to Line Manager
  • Risk Review Due Reminder ? Configurable Advance Notice
  • New Incident Reported Notification to Risk Manager
  • Board Meeting Risk Pack Auto-compilation & Distribution
  • Custom Notification Rules per Risk Category & Severity

Compliance & Regulatory Obligation Register

  • Regulatory Obligation Register ? Laws, Standards & Contractual Requirements
  • Obligation Linkage to Business Processes & Risk Register
  • Compliance Status Assessment ? Compliant, Partial, Non-compliant
  • Compliance Gap Analysis & Remediation Action Plan
  • Regulatory Change Monitoring & Impact Assessment Workflow
  • ISO 31000, ISO 9001, ISO 45001 & Industry Framework Alignment
  • Compliance Calendar ? Submission Deadlines & Reporting Dates
  • Regulatory Authority Correspondence & Evidence Log

Risk Policy, Framework & Governance

  • Risk Management Policy & Framework Document Control
  • Risk Appetite Statement ? Board-approved Thresholds per Category
  • Governance Structure ? Risk Committee, Champions & Owner Register
  • Role-based Responsibilities ? RACI Matrix for Risk Management
  • Risk Management Maturity Assessment & Improvement Roadmap
  • Annual Risk Management Programme Calendar
  • Risk Training Register ? Staff Completion & Certification Tracking
  • Management Review of Risk Framework Effectiveness

Project Risk Management

  • Project Risk Register ? Linked to Project / Programme Record
  • Project Risk Assessment at Initiation, Planning & Execution Gates
  • Schedule Risk Analysis ? Delay Probability & Critical Path Impact
  • Cost Risk Analysis ? Budget Overrun Probability & Contingency Reserve
  • Risk Response Plan Tracking ? Avoid, Mitigate, Transfer, Accept
  • Lessons Learned ? Risk Outcomes Captured at Project Close
  • Programme Risk Aggregation ? All Projects in One Portfolio View
  • Project Risk Report for Steering Committee & Sponsors

Supply Chain & Third-party Risk

  • Supplier & Vendor Risk Register ? Criticality & Dependency Assessment
  • Third-party Due Diligence Questionnaire & Scoring
  • Supplier Financial Stability, Compliance & Geopolitical Risk Rating
  • Supply Chain Disruption Scenario Modelling
  • Supplier Concentration Risk ? Single Source Dependency Alert
  • Contract Risk Review ? Liability, Indemnity & Force Majeure Clauses
  • Supplier Performance KRI Dashboard
  • Corrective Action & Improvement Plan for High-risk Suppliers

Business Continuity & Crisis Management

  • Business Impact Analysis (BIA) ? Critical Process & Recovery Time Objectives
  • Business Continuity Plan (BCP) Documentation & Version Control
  • Crisis Management Plan & Command Structure
  • BCP Exercise & Drill Schedule, Results & Lessons Learned
  • Recovery Strategy Documentation ? Manual Workarounds & Alternate Sites
  • Dependency Map ? People, Systems, Suppliers & Infrastructure
  • Crisis Communication Plan ? Internal & External Stakeholder Templates
  • BCP Maturity Assessment & ISO 22301 Alignment

System Configuration & Administration

  • Role-based Access Control ? Risk Manager, Owner, Reviewer, Viewer, Admin
  • Organisational Structure ? Business Unit, Department & Entity Hierarchy
  • Risk Matrix & Scoring Scale Customisation
  • Custom Risk Categories, Fields & Workflows
  • ERP, LIMS & GRC System Integration via REST API
  • SSO / Active Directory & SAML 2.0 Authentication
  • Immutable Audit Trail ? All Changes Logged with User & Timestamp
  • Data Backup, Retention Policy & Disaster Recovery SLA

Document Control & Audit Trail

  • Risk-related Document Repository ? Policies, Plans, Evidence
  • Version Control & Approval Workflow for All Documents
  • Evidence Attachment to Risks, Controls, Actions & Incidents
  • Full System Audit Trail ? Every Create, Edit & Delete Action Logged
  • User Activity Log ? Login, Logout & Data Access Tracking
  • Data Export ? Full Risk Register to Excel, PDF & CSV
  • GDPR / Data Protection Compliant Data Handling
  • Record Retention Policy with Automated Archiving

Our Portfolio

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United States of America

LQMS Software Solutions LLC
Quakertown PA United States of America
001 215 824 8921
info@lqmserp.com

United Arab Emirates

LQMS Software Solutions LLC
Office No: M02 Lahej Khalifa Al Basti Building Near Emirates Post Office
P.O. Box: 116569 Al Karama, Dubai -UAE
+ 97 156 548 0200
info@lqmserp.com

INDIA

LQMS Software Solutions LLP
B8, 3rd Floor, Blue Mount Tower
Near Infopark South Gate
Kakkand- Kochi . India 682030
0091 9539 5617 90
info@lqmserp.com

INDIA

LQMS Software Solutions LLP
XXXIII/263,
Kottayam
Kerala, India 686631
0091 9539 5617 90
info@lqmserp.com