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

This quarter we've got exciting enhancements to improve your user experience within the system, which will be available in your Test environment on 13th July 2024 and will be available in your Live environment on 3rd August 2024.

This enhancement offers the flexibility to configure multiple criteria for your risk rating to be calculated alongside one complex criterion on the y-axis for the calculation. Instead of being limited to the usual likelihood and consequence criteria, you can now utilize multiple values for your risk rating. The derived risk score, based on these criteria for both the x and y axes, will be visually plotted on the heatmap for analysis alongside the risk rating score.

How do you configure this?

• This will be enabled via an internal setting, which you will need to contact Camms to activate.

• Once enabled, you will be able to add a new complex criterion for your risk rating calculation from the risk settings > criteria configuration page.

• Respective criteria configurations for the newly added complex criterion must be made in the criteria configuration tab.

• You must then navigate to the ‘Calculations’ tab and enter the calculation formulas and criteria as highlighted below.

  • The criteria marked as a complex criterion will populate as the label for the Y-axis, where the complex calculation can be defined.

  • Sub-criteria X must be selected to be used in the above criteria formula on the Y-axis as this is mandatory.

  • Sub-criteria Y must be selected to be used in the above criteria formula on the Y-axis as this is mandatory.

  • The final formula for the risk rating calculation must be defined.

  • The Impact Scores will be prepopulated in an intermediate matrix where you will have the ability to override these scores as you wish based on the set configuration values.

How does this work?

• The newly defined risk rating formula, along with the complex risk rating calculation, will now come into play when the risk assessment is evaluated. This will be visually plotted in the X and Y matrix according to the newly defined criteria configurations and the formulas entered into the system.

This feature has already been released. For more details, please refer to the link https://camms.atlassian.net/wiki/spaces/CD/pages/603553800/Camms.Risk+Product+Update+Release+Notification#3.-Ability-to-view-the-deleted-controls-in-the-risk-assessment-tabs-history

This feature has already been released. For more details, please refer to the link