Risk assessment

The Risk assessment object is the basis for the Risk model and provides a centralized location for storing all elements of the Risk model. It gives the administrator an overview of the risk elements that affect a certain object in the BMP system, and makes it possible to insert other elements, such as Descriptions and Tables.

When a user clicks on a Risk assessment object in a Risk assessment table, he/she is taken to the Risk assessment page containing a Risk factor list. This is a table containing a list of the Risk factors and Function risk factors connected to the Risk assessment. Among other things, a Risk factor list can have columns showing the Risk value and Priority for each Risk factor/Function risk factor.

The Risk value of a Risk factor represents the cell in a Risk chart where the marker for the Risk factor will be placed. Risk value is calculated as Consequence x Probability.

The Priority bullet shows the color value of the Risk factor or Function risk factor, according to the configuration in Risk options in Global settings.

The color of the Priority bullet for the Risk assessment (displayed in the Risk assessment table or on the Risk assessment page) is calculated as the average of the color values of each underlying risk factor. The risk colors and bullet types that have been configured in the default Risk chart in Global settings will be used for the Priority bullets.

To add a Risk assessment, choose Risk in the View menu, the toolbar, or under Business Management Platform Model in the Window menu.

The Risk assessment object is a root object and is not connected to any specific organization.

A Risk assessment object can be added directly in the Risk model panel, or you can add it to a category. Right click in the panel and choose Add -> Risk assessment. Or choose Category if you prefer to create a category structure for storing your Risk assessments, then right click the Category and add a Risk assessment.

You can also add other elements to a Risk assessment by right clicking it and choosing Add, and the desired element. Double click the Risk assessment to configure it.

New Risk assessments can also be added directly to a Risk assessment tables on the web.

Properties

General

Name - the name "Risk assessment" is generated automatically but may be changed
Description - an optional text describing the object, displayed when you click Description in the Options menu for the risk assessment on the web
Next assessment - the next time the risk assessment should be assessed
Start date - the date the risk assessment begins
End date - the date the risk assessment ends

Some properties, such as Start date and End date, are historical properties. That means they will only have value in the period in which they were entered and later periods, until new values are entered for Start and End date.

Responsible - the user or users who are responsible for the Risk assessment. Risk assessments that a user is responsible for will be listed in that user's My Responsibilities.

Period type - the period for which the data is displayed

Status & Progress

Status algorithm - the type of algorithm to be used to calculate the risk value. See Algorithm types for information.

The Risk status does not affect the Status on scorecard objects

Manual status - if you selected 'Manual status' in Status algorithm, select the status color to show on the web: "Red", "Yellow", "Green", or "None"; Manual status may also be set on the web

The 'Weighted' status algorithm for risk is based on the colors that are actually configured in the default risk chart, ordered by the color priority defined in Settings. E.g. if "Orange" is not configured in the risk chart then it will not be used when averages are calculated.

It is not possible to edit Historical properties such as Next assessment, Start date and End date, and Manual status in the Template model. Historical properties are not available in that model.

Configuration

Affects - the object(s) that are affected by the Risk assessment. Click the icon on the right to search for the desired object(s), and mark the box beside each of them to select. You can choose objects in the Business Management Platform structure and the Strategic Initiative structure.
Risk assessments are visualized on the web via Risk assessment tables. You must create a Risk assessment table on each object where you want to show risk assessments. The object name in the Affects column in a Risk assessment table works as a link to that object. E.g. if you want to show Risk assessment 1 on Scorecard 1, you must create a Risk assessment table on Scorecard 1, and you must add "Scorecard 1" in the Affects field on Risk assessment 1.

Audit

Modified by - the name of the last user to make changes to the object.
Last modified - the date and time when the object was last changed.
Created by - the name of the user who created the object.
Created - the date and time when the object was created.

Advanced

ID - a unique ID for the object.

By default, Corporater BMP assigns consecutive numbers to new objects.

You can change the ID to a value of choice that can include either letters or letter and number combinations.

The ID mustn't contain only numbers, include special characters such as ) ( . * } { + < > [ ], or match the name of a default object type in Corporater BMP.

Lifetime

Lifetime start - select the first day the object and its available children are valid.
Lifetime end - select the last day the object and its available children are valid.

For more information on how to limit the time period during which an object is available to users, see Time span.

Visibility

Show Top Bar - displays the top bar on the object's page on Web.

Show Menu Bar - displays the menu bar on the object's page on Web.

The menu bar includes the page name, status gauge and trend arrow where applicable, as well as the logo for the current organization.

Show Menu Button - check if you want the button that opens the Options menu for the object to be available on the web page; among other things, the Options menu contains alternatives for editing and deleting. The contents of the Options menu can be configured in Page setup.

Show Tabs - displays the tab bar on the object's page on Web.

Layout

Page setup - click the Page Setup button () and select a Page setup. Note that the Page setup selected here will affect child elements, not the current element itself. New Page setups can be created here; see Shared web items for more information.

Access control

Read accessors - click the Edit button () and authorize one or more users and user groups to view the object on Web.
Add accessors - click the Edit button() and authorize one or more users and user groups to add new objects to the object on Web.
Write accessors - click the Edit button() and authorize one or more users and user groups to edit the object on Web.
Delete accessors - click the Edit button() and authorize one or more users and user groups to delete the object on Web.
Ownership - click the Edit button () and grant ownership of the object to one or more users and user groups.

Users and user groups who own the object have full access rights to it.
Override access profile - select for the object's access control setting to outrank the object's corresponding access settings in profiles.