Whitepapers

Business Case For Operational Risk Management Software

Based on a detailed quantitative model, this Verdantix report provides a template for operations managers to build the business case to digitize ORM processes.

What's inside

Operational risk management (ORM) software is becoming an essential digital tool to reduce risk and increase production in high-risk, asset-heavy organizations. However, the inability to access IT budgets and an insufficient operational budget are big barriers for investing in ORM technologies. Heads of operations, engineering and safety who are seeking funding for ORM software must build a strong business case in order to secure the required investment for ORM software projects.

Based on a detailed quantitative model, this Verdantix report provides a template for operations managers to build the business case to digitize ORM processes.

Key Takeaways

This report gives you insights on:

  • Calculating the costs and benefits associated with ORM software
  • The four strategic goals that must be addressed by a business case for ORM software
  • How to promote the benefits of ORM inside your organization