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Field | Description/Instructions | Mandatory/Optional | Strategic | Operational | Project | Corporate | ||
Risk Action | Risk Action title | Mandatory |  | | | | ||
Responsible Officer | Assign a Responsible Person who will be monitoring and reporting on the status of the risk action. This will enable a link to this Risk Action to display on the designated person’s homepage. The dropdown will list staff names for selection. | Mandatory | | | | | ||
Business Unit | Assign a Business Unit for this risk action. This is the Business Unit where the action will reside.
| Mandatory | | | | | ||
Start Date | Select a start date to which this action is due to start. Click on the calendar icon to select a date. | Mandatory | | | | | ||
End Date | Select an end date to which this action is due to complete. Click on the calendar icon to select a date. | Mandatory | | | | | ||
Review Frequency | Select a frequency in the dropdown which the action needs to be reviewed and updated. | Mandatory | | | | | ||
Next Review Date | This field is updated based on the 'Current Review Date' + 'Review Frequency' selected.
| Optional | | | | | ||
Action Status | Select the current action status. Generally all actions will start off in a ‘Not Started’ state. | Mandatory | | | | | ||
Completion Date | The completion date will be automatically filled on the date the action status was changed to 'Completed'. This is editable if required. | Optional | | | | | ||
% Completed | If the action status is ‘Not Started’, then leave the % complete as 0. If the Status is ‘in Progress’ then ensure you enter in a % complete value between 1 – 99. | Mandatory | | | | | ||
Performance | The performance of a risk action will be denoted by one of the four colour coded performance categories: ‘On Track’, ‘Off Track’, ‘Monitor’ and ‘Not Applicable’. | N/A | | | | | ||
Control Title | If an action is linked to one of your controls, you may link the control through this area.
| Optional | | | | |
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Actions are checked or newly identified during the risk assessment process. Essentially, when a risk is assessed, you check if there are any existing actions in place to further help the risk controls which are put in place. The risk actions are taken as global templates. Hence, the title can be edited if you have permission to add/edit a Risk. Once an action is linked to a risk, the progress and other details are edited by the risk/action owner within the risk.
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