Risk categories enable you to link risks to primary and secondary risk categories for enhanced filtering, analysis and reporting. Example categories may be Financial, Health and Safety, Political.
STEP 1: Click the Categories tab.
STEP 2: Type in a name and description in the text boxes provided.
STEP 3: Click the +Add button to save.
You can also define sub categories by expanding the main risk category (using the expand icon).
STEP 4: Type in a name and description for the sub category (if applicable).
STEP 5: Click the +Add button to save.
STEP 6: By using the Risk Identification area you can map Risk categories to project risk type for identification. Only the selected categories will appear within the risk detail screen (primary category/secondary category dropdowns).
STEP 7: By Clicking the Risk Consequence checkbox it will define a risk category as a consequence category for the risk type. Only the selected categories for the risk type will be displayed in the consequence table in end user’s view.
STEP 8: By Clicking the Risk ‘Mandatory in consequence selection checkbox' it will define a risk category as a mandatory entity needing this user to select a consequence rating for the risk type.
STEP 9: If the Risk Appetite feature is enabled for you, this area will have an additional column 'Appetite Benchmark' available showing all appetite criteria values you have added at 'Criteria' section above. You will be able to select and assign a benchmark value for each category.
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