Risk Settings
Risk Settings
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The video discusses how to configure risk management in the eramba software, including defining risk classifications, calculation methods, and risk appetite thresholds.
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The key steps are:
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Define the risk classifications for impact and probability, with options like "high", "medium", and "low".
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Select the calculation method, which can be either addition or multiplication of the impact and probability scores.
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Define the risk appetite thresholds, which determine how risks are categorized as "high", "medium", or "low" based on the calculated scores.
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Optionally, configure the treatment options for how to handle different risk levels (e.g. mitigate high risks, accept low risks).
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The transcript emphasizes the importance of carefully configuring these settings upfront, as changing them later can require significant rework to update existing risks in the system.
Playlist
- Episode 1Risk Mgt Course Intro7 mins left
- Episode 2Introduction to Risk Mgt14 mins left
- Episode 3Problems & Solutions18 mins left
- Episode 4Using Interface Introduction10 mins left
- Episode 5Basic Access Permissions22 mins left
- Episode 6Policy Management43 mins left
- Episode 7Internal Controls60 mins left
- Episode 8Project Management23 mins left
- Episode 9Exception Management20 mins left
- Episode 10Dynamic Statuses16 mins left
- Episode 11CSV Imports8 mins left
- Episode 12Reporting15 mins left
- Episode 13Risk Settings14 mins left
- Episode 14Identifying Risks36 mins left
- Episode 15Creating Risks35 mins left
- Episode 16Roll Out20 mins left