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

The following are main functionalities in the set up module.

·         Base - This function is used to set up the system base data for the functional processes within Risk.

·         Event - Event definition can be defined as the set up of default event templates regarding risks.

·         Object - Objects are available for viewing of all the defined objects within the organisation. Object definition will list all of the object types that are defined, like organisation types, location types, equipment types or personnel.

·         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 Setup forms and the usage of different forms

The following table lists the forms that support the Base Setup process for 360 Strategic Asset Management:

Task

Forms

Usage

Base Setup

Characteristics

Use this form to create and maintain all the different characteristics for a risk.

Characteristics Group

Use this form to create and maintain all the different characteristics groups to uniquely define characteristics.

Currency

Use this form to create and maintain the currencies that your company uses and to set up the on line numeric conversion tool and rounding rules for the accounting currency and other currencies. This will only be done manually if AX Dynamics integration is OFF.

Priority model

Use this form to assign a calculation model to a risk and define the priority model and priority scale related to the risk type.

Status

The Base Status function is used to maintain the various status types, subsequent statuses, other status related conditions and stages for risk business processes.

UOM

Use this form to create and maintain the base unit of measures. This will only be done manually if AX Dynamics integration is OFF.

 

 

 

Event

Event definition

This function is used to create and maintain a register of all generic events templates that can be defined within Risk business continuity plans.

 

 

 

Objects

Objects definition

Use this form to view all objects that are managed and defined, like organisation types, location types, asset types or personnel.

 

 

 

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.