Risk management software works by identifying the risks associated with a given set of assets and communicating this risk to the business, often through on-screen dashboards.
It does this by collecting and collating data across the enterprise IT system, and indicating where the risks lie.
Risk management applications also help businesses to manage their IT risk through things like notifying them of security breaches.
The software might also remind businesses to refresh their security when events occur. In addition, risk management supports business continuity by identifying potential and actual IT breakdowns.