The risk rating scale helps business users better understand risk assessment results. For example, in the default settings, risk scores in the 20 through 39 range indicate high risk, while scores in the 60 through 79 range indicate low risk.

Before you begin

Role required: admin or sn_vdr_risk_asmt.vendor_risk_manager

About this task

Note: Many organizations find that the default settings represent their needs appropriately and don’t change the settings.

Procedure

  1. Navigate to All > Third-party Risk Management > Assessment Setup > Risk Rating Scale to modify or refine the Risk Rating Scale.

    The base system includes five ratings. You can customize their maximum and minimum values.

    Risk Rating Scales list.
  2. Refine the values.
    Select the Information icon to preview the Risk Rating Scale value. Select the Open Record in the pop-up.

    Open a Risk record.

  3. Fill in all the required fields and select Submit.
    Default Risk Rating Scale form.