The Framework menu includes the settings which are the key configuration areas of the system. From editing your risk matrix, to configuring the fields, you can access the Framework menu from the Top Menu Navigation icon dropdown.
Risk Settings provides users with the ability to adjust various settings used for Strategic, Operational, Project, and Corporate risks. It comprises a range of screens which can be utilised by the Risk Manager or Administrator using static permission structure or any user with necessary permissions under the flexible permission structure to define variables and criteria utilised in the risk assessment process.
To access the settings page, go to Menu > Framework > Risk Settings.
The following can be configured using 'Risk Settings':
Tab Name | Purpose |
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Initial Settings
Risk Types | Define multiple risk types for hierarchical organisation. |
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Criteria | Enable users to set up the calculations for Initial, Current and Future risk assessments. |
Appetite | Set risk appetite benchmarks and ratings. |
Risk Rating Type | Allows definition of risk ratings based on your risk matrix. |
Standard Role | Manage predefined inherited roles and permissions |
Calculations | Enable users to set up the calculations for Initial, Current and Future risk assessments. |
Risk Aggregation | Link related risks for ratings and auto reevaluation. |
Categories | Define categories for enhanced filtering, analysis and reporting. |
Treatment | Setup different risk treatment types. |
Risk Code | Setup an automatic numbering system for risk assessments. |
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Custom Controls
Edit various fields within the Risk Review tab.
Risk Review Commentary
Enable and update the risk review related commentary fields
Consequence Table
Setup a consequence reference grid.
Likelihood Table
Setup a likelihood reference grid.
Risk Templates
Define templates to save time when creating large numbers of assessments.
Legislation and Business Process
Define legislations and business processes which can be linked to risks.
Bow Tie | Manage causes and consequences for Risk Assessment |
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Field Configuration | Customise the fields which are made visible within the different phases of risk assessments. |
Register Configuration | Customise the fields and filters which are made visible within the different registers of risk types |
Risk Templates | Define templates to save time when creating large numbers of assessments. |
Approvals | Configure the approval process for risk types |
Display Text | Customise labels and placeholders within the product |
Review Frequency | Setup custom frequencies which can be used for email notifications and alerts. |
Custom Lists | Customise the dropdown list available in the Risk Fields area. |
Heatmap Settings
Consequence Table | Setup a consequence reference grid. |
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Likelihood Table | Setup a likelihood reference grid. |
View details of each Risk Setting in the following pages:
View more details under the following sections:
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