how crucial making a GREAT first impression is. Thats why they usually pull out all the stops in their initial presentations. Unfortunately, in their quest to overwhelm your sensibilities, not all of them will be above lying or whitewashing here and there. Prepare yourself to be dazzled but remember to take what they say with a grain of truth.
4. Only get what you need
When you get too dazzled, you might end up purchasing a risk software solution that gives you more than what you need. Thats strictly not a bad thing, but its not a good thing either. Hence, ask yourself this question beforehand: what do you need? Your answer might be any or all of the following:
5. Quantitative Risk Assessment
When using a risk software solution, all you may have to do is enter the appropriate data, and its up to the program to produce retrospective loss data analysis, scenario analysis, or numeric or algorithmic risk weighting. To avoid buying more or less than what you need, make a list of the results you wish for the risk software solution to provide. Revise the list at least three times, or until youre reasonably sure youve covered all the bases.
6. How will it impact your company
If its the first time for the company to make use of a risk software solution, it may create redundant jobs or ones that will become superfluous to your needs. Thus, you also have to decide if you wish for a risk software solution with many features, but forcing you to lay off certain employees, or choose a software solution thats only able to provide basic results, but doesnt have a considerable impact on your organizational structure.
7. It it easy to install and use?
The installation is the first obstacle that youll have to tackle. Is it easy to install? Does it come with a Wizard option that guides you step-by-step? Will all it take is a few clicks of the keyboard and a couple of hours before its ready to use, or will it need an IT specialist for the software program to be properly installed?
How easy is it to use? The risk software solution youre about to purchase may be able to perform miracles, but what if it also needs a mathematical genius in order to operate properly? How many hours worth of training will it require before managers are sufficiently capable of using them?
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