Strategic Risk Report - Standard

FILTERS

Filter

Description

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 Current

Dropdown allows selection of a Risk Rating for the Current 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.

Category

Dropdown allows selection of a Category (defined in Risk Settings > Categories). 'Show All' is selected by default.

Responsible Officer

Dropdown allows selection of a 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, Current 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. If Applicable.

Legislation

Dropdown allows selection of a Legislation (defined in Risk Settings > Advanced Settings > Legislation). 'Show All' is selected by default. If Applicable.

REPORT DETAILS

Report Element

Description

Risk Code

Unique number for each risk. Risk Code is given at the Risk creation.

Risk

Risk name.

Responsible Officer

Responsible Officer allocated for the Risk.

Secondary Responsible Officer (s)

Secondary Responsible Officers allocated for the Risk.

Primary Risk Category

Primary Risk Category Selected (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

Current 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

Last Changed 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’ tick box 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’ tick box should be ticked to display these.

Related Goals*

All   Goals linked to this Risk are listed if “Link Risks to hierarchy” parameter on.

Related Goals (Risk Solutions)*

All   Goals linked to this Risk’s Solutions are listed

Related Outcomes*

All   Outcomes linked to this Risk are listed if “Link Risks to hierarchy” parameter on.

Related Outcomes (Risk Solutions)*

All    Outcomes linked to this Risk’s Solutions are listed

Related Strategies*

All    Strategies linked to this Risk are listed if “Link Risks to hierarchy” parameter on.

Related Strategies (Risk Solutions) *

All   Strategies linked to this Risk’s Solutions are listed

Related Actions*

All   Actions linked to this Risk are listed if “Link Risks to hierarchy” parameter on.

Related Actions (Risk Solutions) *

All     Actions linked to this Risk and its Solutions are listed

Related Tasks*

All   Tasks linked to this Risk are listed if “Link Risks to hierarchy” parameter on.