ENTERPRISE RISK MANAGEMENT SYSTEM

In the context of the industry, this research describes the design and deployment of an Enterprise Risk Management (ERM) system built on the PowerApps platform. For businesses involved in the electricity sector, efficient risk management has become essential due to the industry's increasing complexity and unpredictability. The project's goal was to overcome this difficulty by utilizing PowerApps' user-friendly interface and low-code features to create an all-inclusive ERM solution that was customized to the particular requirements of the sector. The PowerApps ERM system provides a comprehensive approach to risk management through a combination of sophisticated risk assessment techniques, integration with current systems, stakeholder involvement, and solution creation. Centralized risk repositories, live dashboards, automated workflows, and predictive analytics are some of the essential characteristics that let stakeholders proactively detect, evaluate, rank, and reduce risks. Organizations in the power sector stand to gain a great deal from the deployment of the PowerApps ERM system, including increased operational efficiency, enhanced compliance, streamlined decision-making procedures, improved risk management efficacy, improved cooperation and communication, and a culture of innovation and continuous improvement. After implementation, the project will set up systems for ongoing observation, assessment, and enhancement to guarantee that the ERM system continues to be flexible, responsive, and in line with changing business requirements and market trends. All things considered, the creation of the PowerApps ERM system is a revolutionary endeavor with the potential to promote organizational toughness, competitiveness, and long-term viability both inside and beyond the power industry.