---
sourceDocument: Yokohama Governance, Risk, and Compliance
sourceDocumentLink: https://servicenow-prod.fluidtopics.net/r/yokohama/governance-risk-compliance

 Release :

    - yokohama

ft:locale :

    - en-US

ft:publication_title :

    - Yokohama Governance, Risk, and Compliance

ft:clusterId :

    - grc

bundleId :

    - grc

workflow :

    - Technology


---

# Risk Management

# Risk Management {#ariaid-title1}

* Release version: Yokohama
* 
* Updated January 30, 2025
* 
* ![](https://www.servicenow.com/docs/portal-asset/ico-clock) 1 minute to read

Use the Governance, Risk, and Compliance: Risk Management application to continuously
monitor to identify high-impact risks, improve your risk-based decision-making, and reduce
reaction time effectively. The application also provides structured workflows for the management
of risk assessments, risk indicators, and risk issues.

## Risk Workspace {#grc-risk-overview__section_o32_rrq_sqb}

Starting with version 13.0.5, the Risk Workspace has been added for Risk Management users. The Risk Workspace offers a simplified user
experience for you to perform your daily tasks and activities. For more information on the
new workspace, see [GRC Risk Workspace](https://servicenow-prod.fluidtopics.net/EB5m_sGz7eASUi_Rxs7nwA "Starting with version 13.0.5, the GRC Risk Workspace provides a new and simplified user experience with a single-pane view. In the workspace, you can perform the same functions as the classic environment, but with more intuitive functionality. These functions include risk assessments, risk events processing, and so on.").

## Benefits of Risk Management {#grc-risk-overview__section_yzs_rrq_sqb}

The benefits of Risk Management are:

* Faster risk-based decision-making: Prioritize activities based on automated risk scores to work on the most critical risks first.
* Increased performance: Risk management embedded in automated cross-functional activities eliminates work interruption.
* Effectively communicate risk: Real-time insights and role-based dashboards make reporting at all levels easier and faster.
* Stay on top of risks: Mobile interfaces provide the information you need to do your job anytime and anywhere.

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|-|-|-|
| [Explore](https://servicenow-prod.fluidtopics.net/h0rbATbizvW~7~bj9cUDkg "The Risk Management product provides a centralized process to identify, assess, respond to, and continuously monitor Enterprise and IT risks that may negatively impact business operations. The application also provides structured workflows for the management of risk assessments, risk indicators, and risk issues.") ![Exploring risk management]() Learn about how risk managers, risk users, and risk administrators use the Risk Management application. | [Configuring Risk Management](https://servicenow-prod.fluidtopics.net/oJVhqNc2q5bKUJmWQlqc~w "Configure the Risk Management application to use the features it provides for the complete risk management of your organization.") ![Configuring risk management]() Configure your Risk Management application. | [Integrate Risk Management](https://servicenow-prod.fluidtopics.net/pNhEH7zQ7eIozudNbc1VTA "Extend the capabilities of Risk Management such as Advanced Risk Assessment and help other applications with risk identification and risk assessments.") ![Integrating risk management]() Extend Risk Management capabilities by integrating with other applications. |
| [Using Risk Management](https://servicenow-prod.fluidtopics.net/U_XYSaCw0FFA57Mu8GazFA "You can use the features and capabilities of the Risk Management application perform various activities such as creating issues, reporting risk events, performing risk assessments and so on.") ![Using Risk Management]() Work on risk assessments, risk events, and so on. | [Analytics and reporting solutions for Risk Management](https://servicenow-prod.fluidtopics.net/eRzYQx_oRXnvh8xgrVKRVA "Platform Analytics Solutions contain preconfigured dashboards. These dashboards contain actionable data visualizations that help you improve your business processes and practices.") ![Using risk dashboards]() Highlight the critical risks with dashboards and reports. | [Risk Management reference](https://servicenow-prod.fluidtopics.net/3egOzIUrVoh5r~ECKYFBjw "Reference topics provide additional information such as tables, roles, and properties that are installed with the Risk Management application.") ![Additional reference information]() Get details about components like fields, tables, and properties. |
[ ]

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## Implement Risk Management {#grc-risk-overview__section_r22_t2y_tnb}

Use the [Risk Management implementation](https://servicenow-prod.fluidtopics.net/Z46egy9ZhmNgs2bg8ulT4A "Use the steps in the Risk Management application checklist to download the Risk Management from the ServiceNow Store, and get it ready for operation. Mandatory and optional setup steps, as well as an implementation checklist are provided to simplify the setup.") to quickly implement the GRC Risk Management and Advanced Risk applications.

## Additional resources {#grc-risk-overview__section_unp_p3q_tnb}

* [Ask or answer questions in the GRC
  community](https://community.servicenow.com/community/business-management/grc)
* [Search the Known Error Portal for known error articles](https://support.servicenow.com/kb?id=kb_article_view&sysparm_article=KB0597477)
* [Contact Customer Service and Support](https://support.servicenow.com/now?draw=case)
* [Developer training](https://developer.servicenow.com/app.do#!/training/landing)
* [Developer documentation](https://developer.servicenow.com/app.do#!/documentation)
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