GRC Operational Risk Registers

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Index

Introduction

A risk register is a record used as a repository for all risks identified and includes additional information about each risk.

Creating a Risk Register

• Register

Provide a name of your Risk Register

• Summary

Rrovide a summary of what this Risk Register will be used for.

• Owner

The Owner of this Risk Register. This will default to the person creating the Risk Register

Managing a Risk Register

• Activity

The Activity Stream allows for users to post and comment about activities related to this register.

• Details

Update and manage the register name, summary, and owner. Additional options provide the linking of the register to an Authority Document

• Setup Risk Criteria

Using Likelihood and Impact a matrix can be defined to rate all risks that are added to this register

• Linked Risks

Risks that have been linked to this register. New risks can be raised from this view, which will automatically make the association to this register

• Events

Create a new risk event

• Tasks & Reviews

Create appointments and activities that need to be completed for this risk register

• Attachments

Add any additional information as an attachment