A risk rating is the overall rating given for a combination of risk criteria, based on your risk matrix. For example, a Likelihood of ’Likely’ and a Consequence of ’Moderate’ may give an overall risk rating of ‘High'.
For each of the Risk Rating types, you may select the color you wish to display in the graph.
STEP 1: Click the 'Rating Type' tab. There are two options available to select from the dropdown 'Select Screen Type' and you can set up the risk ratings for your risk assessments as well as control ratings for your control assessments from here. Either option would behave in the same manner as explained below.
STEP 2: To define a rating, enter a name and associate an image with it which will be used throughout the system.
STEP 3: Click on one image to make your selection.
STEP 4: To upload a new image, click 'Browse' to look for a file on your computer. Make sure you use a small but high-quality picture.
STEP 5: Click 'Select' to confirm your choice.
To change the image, simply click on the image and repeat the previous steps 3-6.
You can set the color for your rating type. This color will be used to represent the rating in graphs and charts.
STEP 6: Select a color for the rating by clicking on the color palette and then clicking on one of the colors available.
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STEP 8: Enter a sequence number which will determine the order in which the rating will appear in dropdown lists throughout the system.
STEP 9: Enter a frequency value to determine the automatic population of the risk review frequency based on the selection of the risk rating value for a risk in the current risk assessment. This will be shown and applicable only when the setting ' Update Frequency From Rating ' is enabled under settings in the Configuration area. In the case of controls, this will determine the control frequency value.
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Note: Use the adjacent buttons to edit or delete a saved record.
