Camms.Risk | Jul-Sep 2021

Owned by amani imtiyas
Last updated: Nov 15, 2022
20 min read

Camms is pleased to bring you the Quarterly Product Release Notification for Camms.Risk.

This quarter we've got a number of exciting new features and enhancements to improve your user experience within the system, which will be available in your Test environment on 11th September 2021 and will be available in your Live instance on 25th September 2021.

List of release items:

1. Flexible field configurations for Operational and Corporate Risk types

Administrators will now be able to configure standard and custom fields for all tabs in Operational and Corporate risks as it is for Strategic and Project risks. Further, you will be able to change the order of fields and setup help text that will be visible when hovering over the field name.

How do you configure this?

  • Users who have ‘Administrator’ permission in static hierarchy (accessed via Camms.Risk > Administration > Manage Users') or ‘Risk Setting’ permission in flex hierarchy (accessed via 'Camms.Risk > Administration > Role Management) will be able to configure the Risk fields.

  • The configurability of Risk fields can be accessed in the Field Configuration page in Camms.Risk > Framework > Risk Settings > Field Configuration > Operational / Corporate.

Note: The tab names for each risk type will display as per your configured labels.

  • The following configurations can be done for all three assessments tabs (Initial, Revised, and Future) and the Risk Review tab for Operational and Corporate risk types.

Note: If the ‘Future Assessment’ is not ticked via 'Menu > Framework > Risk Settings > Initial Settings', the Future Assessment tab will be hidden.

  1. Ordering – The order can be configured by selecting the field by ticking the ‘Ordering’ checkbox and then clicking the up or down arrow keys at the top-right corner of the page. Additionally, the field order can be changed easily by dragging and dropping the field by selecting the field from the three dots in the right-side corner.

  2. Label Name – The field name can be changed as per client preference by providing the label name in the ‘Label Name’ column.

  3. Help Text – Help text for each field can be configured under the ‘Help Text’ column.

  4. Visibility – The field visibility within each detail page can be configured by selecting this tick box. The visibility of some fields are visible by default, as mentioned below.

  5. Mandatory – The mandatory state of the field can be configured by selecting this tick box. Enabling this, would prompt you to enter information and not saving it with a blank value. The required state of some fields are set by default, as mentioned below.

  6. My Quick Update – A new column named ‘Quick Update’ has been introduced in each of the sub tabs. This will provide the ability to configure the fields in the My Quick Update, expand detailed view. In order for the field to be visible in the expand view, the field must additionally be made visible. The expand view will only show data from either one of the assessment details pages. This is governed by a pre-defined set of logic based on the calculation of the risk rating in either of the three assessments. Please see figure 1.2 for the logic by which the data will be displayed in the expand view.
    The My Quick Update grid will remain not configurable and will remain as per the existing system behaviour.

    Figure 1.1: Quick update column to configure visibility within Operational and Corporate risks

Initial, Revised, and Future tabs

  • The Initial assessment details page will list the following fields where the visibility and the mandatory state cannot be changed. Therefore, these will be ticked and disabled. However, the visibility of these fields for the Revised and Future tabs can be configured in these respective sub tabs and will appear as labels.

    • Risk Title

    • Risk Active Status

    • Risk Owner

    • Risk Category

    • Risk Code

Note: The Risk Code field will be the only field among the list above where the mandatory option will be enabled for configuration. The setting 'IsRiskCodeRequired’ in the Initial settings section will be removed and handled via the Mandatory checkbox.

The following fields are  configurable for its visibility and its mandatory state. However, data input is only possible within the Initial Assessment tab. It will display only as labels in the Revised and Future Tabs.

  • Business Unit

  • Responsibility Center

  • Teams

  • Risk Secondary Owner

  • Primary Risk Sub Category

  • Secondary Risk Sub Category

  • Risk Identified

  • Risk Identifier

  • Links

  • Causes

  • Consequences

  • Risk Appetite Rating

  • Risk Appetite Benchmark

  • Additional Controls

  • SWOT Type – Available for Strategic, Operational, and Corporate Risks and customers that have a Camms.Strategy subscription.

  • Show in Environment Analysis – Available for Strategic, Operational, & Corporate Risk and customers that have a Camms.Strategy subscription.

  • The following fields will show/hide within the field configuration area, based on the internal settings ‘EnableFlexibleOrganisationHierarchy’ (Flexible Organisation Hierarchy):

Flexible  Organisation Hierarchy

Static Organisation  hierarchy

Organisation links

Responsibility Center

 

Business Unit (only for Operational risk)

 

Teams

  • The fields below can be managed assessment wise for its visibility and mandatory state, and will be editable in all three assessments:

a. Risk Assessment

b. Monte Carlo Analysis

c. Risk Treatment

d. Controls

e. Solutions

f. Legislation

g. Business Process

h. Causes (Custom)

i. Consequences (Custom)

j. Existing Controls

k. Future Controls

l.Stakeholder

m. Document Reference