Risk Template Workflow Diagram




An out-of-the-box workflow of a Risk template consists of one step:

  • Create


Risk Template Sections and Fields

  1. Template Details Section



Fields

Field Explanation

Template Name
  • Allow free text entry.

  • Template name must be unique.

  • Template name is mandatory.

Consequence Type
  • Allow selection from these options Business Opportunity, Environment, Financial, Reputation, Legal and Regulatory and People, Health and Safety.

  • Consequence Type is mandatory.

Number
  • Automatically generated with the following format : RISK-MATRIX-XXXXX where XXXXX is the next sequential number
  1. Assessment Details Section

Fields

Field Explanation

Dimension
  • Allow free text entry.

  • Define the dimension for risk assessment such as Severity, Likelihood, Detectability. 

Guidance
  • Allow free text entry.

Degree
  • Allow free text entry.

  • Define the degree that is corresponding to dimensions, for example if dimension is Likelihood then Degree can be Likely, Unlikely and Improbable.

Score
  • Allow entry of a numeric value.
  1. Risk Range Details Section

Fields

Field Explanation

From
  • Allow entry of a numeric value

To
  • Allow entry of a numeric value

Impact
  • Allow free text entry

Indicator Colour
  • Allow selection from red, green, orange, yellow, blue, aqua, brown, grey, pink, purple, silver, white