Risk Registers – Strategic Risk Register
Strategic Risks are those risks at an enterprise level. Quite commonly, these risks may threaten the achievement of an organisation’s longer term strategic goals and objectives and are often the responsibility of Senior/Executive Management to monitor and report on.
The Strategic Risk Register will display all the strategic risks in the organisation.
The following risk details will be displayed in columns by default.
Field | Description |
|---|---|
Risk Code | Risk code as displayed in Risk Details page. |
Risk Description | Title of the Risk. Clicking the Link should navigate you to the Risk details screen. |
Responsible Person | Primary Responsible Officer of the risk. |
Reporting Period | Frequency that the risk is assessed as specified in the Risk Review page. If not defined, would display as N/A. |
Next Review Date | Next Review Date indicated in the Risk Review screen is displayed here. |
Inherent Risk | Inherent assessment rating is displayed here as image and text. Camms default image should be displayed if the risk administrator has not included a custom image via Risk Settings area. |
Residual Risk | Residual assessment rating is displayed here as image and text. Camms default image should be displayed if risk administrator has not included a custom image via Risk Settings area. Instances where current assessment is not initiated then rating will be display as N/A. |
Future Risk | Future assessment rating is displayed here as image and text. Camms default image should be displayed if risk administrator has not included a custom image via Risk Settings area. Instances where current assessment is not initiated then rating will display as N/A. |
Links | A link summary in the risk registers will show the number of links a risk contains with a pop up within the register to preview the links. |
The following filters will be available by default to filter and search risks.
Field | Description |
|---|---|
Risk Title | Text box that allows you to type in the Risk Title and search for the risk. This is a key word search and therefore, by entering a part of the title you will be able to filter out all risks that contain the typed characters anywhere in the title. |
Risk Code | Text box that allows you to type in the Risk Code and search for the risk. This is a key word search and therefore, by entering a part of the code you will be able to filter out all risks that contain the typed characters anywhere in the code. |
Inherent Risk Ratings | Lists all rating types defined in the Framework> Risk Settings. Selecting a rating type would display only the risks that have the selected rating as its Inherent risk rating. Defaults to 'Show all'. |
Residual Risk Ratings | Lists all rating types defined in the Framework> Risk Settings. Selecting a rating type would display only the risks that have the selected rating as its Residual risk rating. Defaults to 'Show all'. |
Future Risk Ratings | Lists all rating types defined in the Framework> Risk Settings. Selecting a rating type would display only the risks that have the selected rating as its Future risk rating. Defaults to 'Show all'. |
Primary/Secondary Responsible Officer | Lists all staff in the system. Selecting a staff member would display only the risks that is assigned to the particular staff member (primary or secondary). Defaults to 'Show all'. |
Risk Category | Lists all risk categories available. Selecting a category would display all risks that belongs to the particular category (primary or secondary category). Defaults to 'Show all'. |
Risk Assessment Level | Lists the assessment levels: Initial, Current and Future. Selecting an assessment level would display all risks that are currently in the selected level. |
Please refer to the Group and Filter/Search Records section for more options when filtering.
Performance Indicators
Performance indicators will display in the Risk Registers to show a summary of how risk actions are performing for each risk, and will indicate if an action is 'On Track', 'Off Track' or 'Monitor' status. See article Risk Actions under section 'Risk Action Performance Indicators for more details on this.
To configure the performance indicators to be displayed in the risk register see section 'Displaying Performance Indicators for Risk Treatment Actions' under article Risk Settings – Field Configurations.
Risk Action Count Column – This column will display a summary of how all linked risk actions are performing for each risk register type.
This will display the summary count of risk actions for each performance category that are linked with a risk. The circles will be colour coded based on the performance value they represent. If there are no risk actions for a performance category, it will not be shown.
This column cannot be used to group the Risk Registers by dragging the column to the top of the table.
Filter by Performance Category – Risks can be filtered based on the linked actions’ performance indicators.
This will be a multi select dropdown listing options of Off Track/On Track/Monitor and N/A. When the end user selects one or more option from here, risks with linked actions of the selected performance categories will be filtered and shown.
Colour codes – The below standard performance categories will be introduced:
On Track (green) – Indicates that the % completion of the risk action is on track.
Monitor (amber) – Indicates that the % completion of the risk action requires close monitoring to get the risk action back on-track.
Off Track (red) – Indicates that the % completion of the action is off track.
N/A (grey) – Indicates that the performance of the action cannot be calculated.
Performance Thresholds Values – The threshold values can be configured via Administration > Configuration > Action Progress Threshold, to determine the thresholds for each performance category for the risk action. By default, the below values will be set, which can be changed if required.
On Track: >= 90
Off Track: < 70
Monitor: Less than 90 and greater than or equal to 70
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