1. Streamline. Centralize all risk-related information in one place, making it easy to track, monitor, and update risks, control measures, and compliance requirements.

2. Mitigate. Implement control measures and compliance activities to reduce the likelihood and impact of risks, ensuring business continuity and regulatory compliance.

3. Collaborate. Assign responsible persons to each risk, facilitating accountability and collaboration in risk management efforts.

4. Monitor. Set review dates for each risk to ensure timely reassessment and adjustment of control measures based on changing circumstances and regulations.

5. Report. Generate status updates and reports on risk management activities, compliance efforts, and overall risk posture to stakeholders and regulatory bodies.