Risk Management Administration

The Risk Management application provides properties associated with significance, likelihood, and application.

Risk Criteria

Risk Criteria are the scoring values attributed to the likelihood that a risk will occur, and the impact to your organization if the risk does occur.

Risk criteria thresholds define a high/likely or low/unlikely score as shown:

Table 1. Risk Criteria Thresholds
Likelihood Significance Scores
1 = Extremely Unlikely 1 = Very Low 0-5 = Very Low
2 = Unlikely 2 = Low 6-10 = Low
3 = Neutral 3 = Moderate 11-15 = Moderate
4 = Likely 4 = High 16-20 = High
5 = Extremely Likely 5 = Very High 21-25 = Very High
Table 2. Risk properties
Name Description
Maximum value for Significance Sets the maximum value (1-10) for significance on the risk criteria table. Decimals cannot be used, and are rounded if input.
Maximum value for Likelihood Sets the maximum value (1-10) for likelihood on the risk criteria table. Decimals cannot be used, and are rounded if input.
A list of tables that are available in the Applies to field on forms If this field is blank, all tables are available on the various forms for Profile Types, Profiles, and Risks. Defines a comma-separated list of tables that are available in the Applies to field on the Profile Type, Profile, and Risk form. Add .extended after the table name to include all extended tables.

Assessment Types

Risk managers can create a new set of questions for each risk assessment. See Create an assessment type.