Strategic Risk Report - Standard

This report shows information on Strategic Risks. It displays all data which contributes to the setup of the risk, as well as the initial, revised and future rating and the risk progress.

To access this report, follow the steps below.

STEP 1: Go to Reporting > Risk Management.

STEP 2: Select the 'Strategic Risk Report - Standard' or 'Strategic Risk Report - Standard' and choose relevant criteria. Click the 'Preview' button.

This report contains IRM standard strategic risk report features such as Risk Code, Risk Issue, Category and Risk Assessment statuses for Initial, Revised and Future Risk Assessments.

Filter	Description
DirectorateSector	Dropdown allows selection of Sycle interplan® DirectorateSector (defined in Framework > Directorates). Show All' is selected by default.
Business UnitCompany	Dropdown allows selection of Sycle interplan® Business UnitCompany (defined in Framework > Business Units). If a DirectorateSector was selected above, the pages refreshes and this filter only shows the Business UnitsCompanies within that DirectorateSector. 'Show All' is selected by default.
Goal	Dropdown allows selection of an interplan® Goal (defined in Strategic Planning > Goal) Selecting a Goal will enable only those risks which are linked to that Goal (from risk linking screen) to be included in the report.
Outcome	Dropdown allows selection of an interplan® Outcome (defined in Strategic Planning > Outcome) Selecting an Outcome will enable only those risks which are linked to that Outcome (from risk linking screen) to be included in the report.
Strategy	Dropdown allows selection of an interplan® Strategy (defined in Strategic Planning > Strategy) – will this restrict based on Outcome selected above??? Selecting a Strategy will enable only those risks which are linked to that Strategy (from risk linking screen) to be included in the report.
Risk Rating Initial	Dropdown allows selection of a Risk Rating for the initial phase of the risk assessment (defined in Risk Settings > Risk Ratings). 'Show All' is selected by default.
Risk Rating Revised	Dropdown allows selection of a Risk Rating for the revised phase of the risk assessment (defined in Risk Settings > Risk Ratings). 'Show All' is selected by default.
Risk Rating Future	Dropdown allows selection of a Risk Rating for the future phase of the risk assessment (defined in Risk Settings > Risk Ratings). 'Show All' is selected by default.
Risk CategoryHeadline risk	Dropdown allows selection of a Risk CategoryHeadline risk (defined in Risk Settings > Categories). 'Show All' is selected by default.
Responsible Officer	Dropdown allows selection of an Sycle Staff member (defined in Framework > Staff). 'Show All' is selected by default.
Include Secondary Responsible Person	If ticked, chooses the risk records where selected staff member is primary OR secondary responsible person for. This is un-ticked by default.
Show Risk Solution and Business Planning details	If ticked, includes additional Risk Solution and Business Planning details. This is ticked by default.
Show Solution Summary only	If ticked, only the Risk Solution (without details) will be shown in the relevant area. This is ticked by default.
Risk Treatment	Dropdown allows selection of a Risk Treatment (defined in Risk Settings > Risk Treatment). 'Show All' is selected by default.
Order By	Dropdown allows selecting a sorting mechanism for the records in the report to be listed down. Alphabetical order by Risk Name, By Risk Code and by Risk Rating ( Initial, Revised or Future ) are some of the given options. 'Alphabetical order by Risk Name' is selected by default.
Risk Status	Dropdown allows selection of a Risk Status, to be chosen from whether that Risk is 'Active' or 'Inactive'.
Business Process	Dropdown allows selection of a Business Process (defined in Risk Settings > Advanced Settings > Business Process). 'Show All' is selected by default.
Legislation	Dropdown allows selection of a Legislation (defined in Risk Settings > Advanced Settings > Legislation). 'Show All' is selected by default.
Responsibility Centre	Selects a particular Responsibility Centre of a selected level. Once an Organisational level is selected, the list of Responsibility Centres belonging will be cascaded down to the adjoining dropdown box. Both dropdown boxes have 'Show All' selected by default.
Show all risk irrespective of Responsibility Centre	If ticked, all the risks will be included regardless of the selected Responsibility Centre.

Report Element	Description
DirectorateSector	Name of the DirectorateSector selected by user. These data are drawn from the Directorate (s) defined in Framework > Directorates.
Business Unit	Name of the Business Unit selected by the user. These data are drawn from the Business Unit (s) defined in Framework > Business Units.
Risk CodeReference Number	Unique codenumber for each risk. Risk CodeReference Number is given at the Risk creation.
Risk	Risk name. This is mentioned at the Risk creation.
Responsible Officer	Responsible Officer allocated for the Risk.
Secondary Responsible Officer (s)	Secondary Responsible Officers allocated for the Risk.
Risk CategoryHeadline risk	Risk CategoriesHeadline risks (primary category listed first and then secondary categories if relevant). Selected at the Risk creation.
Review Frequency	Risk review frequency (i.e. annual, monthly etc.) Data drawn from the chosen Review Frequency at Operational Risk > Risk Review area. Different Review Frequencies are defined at Risk Settings > Advanced Settings > Review Frequency area.
Assessment phases for a Risk. Under each phase there are sub-sections such as assessment, solution and treatment. Each sub-section also contain Risk attributes.
Initial Assessment Revised Assessment Future Assessment	Assessment phases
	Likelihood	Risk likelihood identified in Initial phase
	Consequence	Risk consequence (identified via Consequence Reference Grid)
	Effectiveness of Controls	Effectiveness of Controls identified in Initial phase
	Custom Criteria	Client defined criteria
	Last Modified Date	Date initial risk assessment last saved. Will appear as N/A if no date available (possible if data was migrated)
	Risk Rating	Initial risk assessment rating (as per the calculation defined in Risk Calculation Settings)
	Causes	Causes identified during Initial phase
	Consequences	Consequences identified during Initial phase
	Existing Controls	Existing Controls identified during Initial phase
	Future Controls	Future Controls identified during Initial phase
	Treatment (s)	Treatments identified in initial phase
	Risk Solution Related Fields. ‘Show Risk Solution and Business Planning details’ tickbox must be ticked to display these.
	Solution	Name of Risk Solution
	Responsible Officer*	Responsible Officer for the solution
	Reporting Frequency*	Risk solution reporting frequency i.e. annual, monthly etc.
	Status*	Status of Solution (i.e. In Progress, Completed)
	Due Date / Completed Date*	Due Date and Completed Date of Risk Action. Will appear as N/A if date is not mentioned.
	% Complete*	Percentage complete of risk solution
	Progress Comment*	Last Progress Comment for risk solution
	Resource Requirement*	Resource Requirement for Risk solution
	Business Plans connected fields. ‘Show Risk Solution and Business Planning details’ tickbox should be ticked to display these.
	Related Goals*	All Sycle Goals linked to this Risk are listed if “Link Risks to hierarchy” parameter on.
	Related Goals (Risk Solutions)*	All Sycle Goals linked to this Risk’s Solutions are listed.
	Related Outcomes*	All Sycle Outcomes linked to this Risk are listed if “Link Risks to hierarchy” parameter on.
	Related Outcomes (Risk Solutions)*	All Sycle Outcomes linked to this Risk’s Solutions are listed
	Related Strategies*	All Sycle Strategies linked to this Risk are listed if “Link Risks to hierarchy” parameter on.
	Related Strategies (Risk Solutions) *	All Sycle Strategies linked to this Risk’s Solutions are listed.
	Related Actions*	All Sycle Actions linked to this Risk are listed if “Link Risks to hierarchy” parameter on.
	Related Actions (Risk Solutions) *	All Sycle Actions linked to this Risk and its Solutions are listed.
	Related Tasks*	All Sycle Tasks linked to this Risk are listed if “Link Risks to hierarchy” parameter on.
	Related Tasks (Risk Solutions) *	All Sycle Tasks linked to this Risk’s Solutions are listed.
Business Process	Related Business Processes.
Legislation	Related Legislations.
Custom Fields	The new enhanced Custom Fields functionality (please refer to Risk Fields in Advanced settings)	The report will display these new fields based on the visibility configured within the Risk Fields area.

Last revised: September 23, 2018