Tuning Risks

June 9, 2022

Information on how to tune (configure) your risk matrix, categories, types, status and custom fields.

This tutorial provides information on how to tune (configure) your risks to suit your organisation.

Access to Business Configuration is via the top level Horizontal Navigation Bar.

Tune your risk matrix

Organisations often have a standard risk matrix. Click on Matrix to tune your risk matrix to match your organisation’s.

Tune your categories, types and status

Tuning works in the same way for all these fields. See the screenshot below for how to tune them, once you’ve selected the relevant field. Generally Types are used for broader classifications eg Project, Programme, Organisation. Categories are used for finer grain classifications eg Organisation reputation, Organisation service delivery, Project/Programme cost, Project/Programme schedule.

Examples of risk status you could use are: Identify, Evaluate. Accept, Avoid, Mitigate and Transfer. Closed is a mandatory status which you are unable to edit.

Add custom fields

This allows you to add additional fields to your risk information.