Risk Management > Setup > Risk

The organisation has to set up the base information in order for the Risk Management module to be functional and the topics in this section provide information about configurations setting up and maintaining base set up tables for Risk. Risk setup configurations for business, monetary loss criteria; risk base actions for specific risk types; risk base characteristics; define the organisation/company risk types that will be monitored and define service catalog.

Risk Setup

The following are main functionalities in the set up module.

·         Risk - Risk setup configurations for business, monetary loss criteria; risk base actions for specific risk types; risk base characteristics; define the organisation/company risk types that will be monitored and define service catalog.

Base Risk Setup forms and the usage of different forms

The following table lists the forms that support the Base Risk Setup:

Task

Forms

Usage

Risk

Business loss

Use this form to create and maintain the business loss related to the risk.

Monetary loss

Use this form to define the monetary loss related to the risk. Create and maintain the data to indicate the financial impact that a risk could cause.

Risk base actions

The Risk base Action form is used to create and maintain the actions against the different risk categories and types. Pre-define the sequence in which the risk actions should be executed.

Risk base characteristics

Use this form to create and maintain all the different characteristics. Characteristics are defined for different risk categories, classes and types, and then used to give more definition to a specific instance of the risk type. This form is therefore used to allocate generic characteristics to a risk category and type.

Risk types

Use this form to create and maintain the types and sub-types of risks that the risks will be managed on.

Service catalog

Use this form to define the catalogue of service areas which could possibly be affected by a risk.