Today, risk management has become a key activity in the management of organisations and the reporting to regulators. Many regulations and standards require organisations to have a risk-based approach for service management, quality management and information security management. However, it remains a challenge to develop a pragmatic, compliant and efficient risk management approach that will produce relevant and maintainable results. With this in mind, the Luxembourg Institute of Science and Technology (LIST) offers TISRIM, a tool that guides organisations in implementing risk management in an easy, efficient and autonomous manner.
TISRIM is currently provided as a Microsoft Excel Sheet and includes the information required for risk management within the guidelines of ISO/IEC 31000, developed by specialists in risk management. Fully aligned with international best practices in risk management and national requirements, the application also includes numerous macros to increase the timeliness of such a study and automate most of the process.
The target markets for this application are organizations (from small to large) with a security manager or risk manager leading the process and gathering relevant information from different stakeholders. It includes companies performing several risk management processes on different scopes within the company.
TISRIM is under development to be accessible on the RegTech national platform through a web access.
TISRIM can be used for:
The application and the supporting method are protected by copyrights and registered through I-depots at the OBPI.
LIST is currently seeking partners or companies interested in using or commercializing this application.
Joint further development