1. Overview

The Camms Risk Action/Risk Treatment Action feature lets you further improve controls and assist the risk management process.

2. Risk Action Performance Indicators

The performance indicator of a risk action will be denoted by one of the four colour coded performance categories: ‘On Track’, ‘Off Track’, ‘Monitor’ and ‘Not Applicable’, and will display within the Risk Action grid within all Risk Assessment tabs of all Risk Types, Risk Action Details page within all Risk Assessment tabs of all Risk Types, Risk Register or all Risk Types, My Quick Update grid for all Risk Types, My Quick Update Details page for all Risk Types, Risk Actions within Controls, Risk Actions created from completed Audit Recommendations, Linked Risk Actions of completed Audit Recommendations, Risk Action related Dashboard popups, and the Quick Risk Action Search.

Figure 2.1

2.1 Colour Codes

The below standard performance categories will be available:

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.

Figure 2.1.1

2.2 Performance Calculations

Where the action's status is ‘Completed’, the performance would be always set to ‘On Track’.
Where the action's statuses are either ‘Deferred’ or ‘Ongoing’, the performance would be always set to ‘N/A’
Where an action has the status ‘Not Started’ or ‘In Progress’, the performance will be calculated as below:

Performance = (Percentage Complete/Target Completion %) * 100

Percentage Complete = The actual performance of the action based on the percent complete value added (between 1 – 99). This is added by the user in the ‘% Completion’ field within the risk action.
Target Completion % = Target will be calculated considering the start and end dates with linear progression, whereby performance would be 0% on the start date, and 100% on the end date.
- Target = [(Current System Date - Action Start Date)/(Action End Date - Action Start Date)] * 100%
  Example: If the duration on the action is two months, at the end of the first month, the performance target will be calculated to be 50%.
- If the ‘Current System Date’ is equal to the ‘Start Date’, then the calculated Target will be 0. In this event, the performance indicator will be shown as ‘On Track’. The performance calculation will be disregarded.
- If the action has a ‘Start Date’ which is a future date, irrespective of status or % Complete, the performance indicator will be shown as ‘On Track’.

2.3 Performance Threshold 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: If the percentage complete value is greater than or equal to 90
Off Track: If the percentage complete value is less than 70
Monitor: If the percentage complete value is less than 90 and greater than or equal to 70