Create or Edit a Risk

Create a Risk to define and manage issues and potential problems.

To create a Risk:

1.Open the Risk workspace.

2. Select New GRC Risk to create a new Risk.

A blank form opens.

3.Enter the information into the fields as required.

a.

Owner Email autopopulates based on the Owner field.

b.

Review Cadence creates a Task based on how often the Risk needs to be reviewed.

c.

Select the Create Review Tasks checkbox to create review Tasks.

d.

Grade autopopulates based on Impact and Likelihood.

e.

Grade change displays a graphic that shows if the grade has increased with a green arrow or decreased with a red arrow.

4.Select Save.

5.In the Details tab, enter the information into the fields as required.

6.Use the Controls, Mitigation Plans, Assets, Risk Assessments, Audits, and Policies tabs to link Controls, Mitigation Plans, Assets, Risk Assessments, Audits, and Policies to the Risk.

a.

Use the Controls and Mitigation Plans tabs to create new Controls and Mitigation Plans.

b.

You can restore hidden tabs using the plus sign (to the right of the tabs).

7.Select Save.

Edit a Risk

To edit a Risk:

1.Double-click a Risk to open the details.

2.Change the information as needed.

3.Select Save.