Risk assessment level

Overview

A new feature, Risk assessment level, has been introduced in evergreen, allowing users to assign risk levels to customers and projects. This feature supports organisations in managing and evaluating risk by providing configurable risk levels tailored to their specific needs.

It enhances risk management processes by enabling companies to categorise and assess risk effectively, improving decision-making and project and customer oversight.

Key features

• Customisable risk levels: Companies can define their own risk levels, such as Low, Medium, High, or any other classification, to align with their risk assessment processes.
• Customer risk level assignment: Users can assign a risk level to customers, allowing for a customised approach to assessing and managing customer related risks.
• Project risk level assignment: Risk levels can also be applied to projects, enabling tailored evaluations aligned with the organisation’s risk assessment framework.
• Default risk level configuration: Default risk levels can be set for both customers and projects, simplifying the assignment process for new records.

How it works

To configure custom risk levels, navigate to Project management and accounting > Setup > Risk assessment > Risk levels. Provide an ID and description for each risk level.

Assign a risk level to a customer by navigating to the customer screen and selecting a value from the drop-down in the Risk Assessment section.

Assign a risk level to a project by navigating to the project details screen and selecting a value from the drop-down in the Risk Assessment section.

To set a default customer risk level, navigate to Accounts receivable > Setup > Account receivable parameters. Configure the “Default risk assessment level” in the General section. New customers will automatically inherit this default value.

Similarly, set a default project risk level by navigating to Project management and accounting > Setup > Project management and accounting parameters and configuring the “Default risk assessment level” in the General section.