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Logicmanager'S Metrics & Reporting Dashboard: Key Terms Cheat Sheet

This document provides summaries of key reporting features in LogicManager's risk and compliance software, including sliding scale assessments, heat maps, spider charts, and risk dashboards. Sliding scale assessments allow comparable risk evaluation across departments using common criteria. Heat maps identify locations with high vendor risk exposure. Spider charts visualize connected risk factors to prioritize concerns. And the risk dashboard provides a holistic view of aggregated metrics to monitor mitigation effectiveness over time.

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KL Sim
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Download as PDF, TXT or read online on Scribd
53 views

Logicmanager'S Metrics & Reporting Dashboard: Key Terms Cheat Sheet

This document provides summaries of key reporting features in LogicManager's risk and compliance software, including sliding scale assessments, heat maps, spider charts, and risk dashboards. Sliding scale assessments allow comparable risk evaluation across departments using common criteria. Heat maps identify locations with high vendor risk exposure. Spider charts visualize connected risk factors to prioritize concerns. And the risk dashboard provides a holistic view of aggregated metrics to monitor mitigation effectiveness over time.

Uploaded by

KL Sim
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
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Key Terms Cheat Sheet LogicManager’s Metrics Risk and compliance professionals today face an unprecedented number of

unfolding risks at an increasingly rapid speed. This leaves teams drowning in data
and unable to easily sift through the noise. Yet, in order to meet the expectations of
& Reporting Dashboard examiners, regulators, and their own board of directors, data is their greatest asset.

Leading indicators are preventative A look at some of our software’s key reporting features. Metrics and reporting support the value of ERM as well as the degree to which
measures used to predict potential previously unidentified risks have been mitigated. If a picture is worth a thousand
risks rather than react to them. A best words, then data visualization is key to telling the story of an ERM program.
practice leading indicator points towards With its various metric and reporting features, LogicManager can equip you
the root cause of a risk, as it takes into Sliding Scale Assessment with evidence that your risk efforts are exceeding all expectations.
account the effectiveness of control
activities focused on preventing the
risk from occurring.

Lagging indicators follow or react to Geographic Mapping


an event, as they essentially measure
what already went right or wrong.
Lagging indicators are the result of
previous performance and ultimately
confirm that a trend is either occurring
or is about to occur.

Key Risk Indicators (KRIs) are focused


on an organization’s risk activities and What is it: A method of assessing risks on a common scale against
measure the level of risk a company common criteria to ensure they’re comparable across all departments.
is exposed to. KRIs tend to be leading
indicators that often act as warning Common uses: Prioritizing metrics for enterprise risk assessments
signs and predict future outcomes. to connect critical risks to the bigger picture, and ultimately
presenting those connections to decision makers in a digestible way.
Key Performance Indicators (KPIs)
look to the past to analyze the outcomes
and trends of previous performances.
Because KPIs look at results that have
already happened, they tend to be Heat Map What is it: A tool for identifying hotspots across the nation,
lagging indicators. specifically where your 3rd party relationships may be impacted.
Risk tolerances set specific limits on Common uses: Assessing vendor risk exposure by keeping
accepted levels of variation and can help a pulse on those located in areas vulnerable to natural disaster.
an organization achieve their business
objectives. They serve as quantitative
statements that enable risk managers
to determine if a metric falls within
a range of outcomes that management
has deemed acceptable.
Spider Chart

What is it: A quantified


display of various data
points you know are
connected in theme to help
See more of LogicManager’s you prioritize risk factors.
What is it: A holistic view of key concerns
Reporting Features in Action!
within your risk management program Common uses: Visualizing
that are aggregated by automatically factors your organization
Request a Free Demo updated new information. cares about pertaining to
a particular physical asset
www.logicmanager.com Common uses: Monitoring the effectiveness
(like a laptop) or a policy
of mitigating activities by tracking metrics
(like remote working).
that are about to fall out of tolerance.

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