A risk is a user-defined object that models potential risks within an enterprise. Risks are represented by two basic scores:

  • Impact
  • Likelihood

The impact value represents the potential scope of consequences that could arise from a specific risk. The likelihood value represents the probability of a specific risk manifesting negative consequences.These values form the gross risk, which represents the total risk involved in a specific activity. The gross risk is offset by controls, which are implemented to mitigate or reduce potential risks. The residual risk represents the risk of an activity after controls have been applied.

Risks are contained within Risk Folders.

Please see sections:

  1. Create a Risk
  2. Delete a Risk
  3. Modify the Details of a Risk
  4. Risk: Tabs

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