Who is this article for?

Users who want to create new Risks.

Risks_Createor higher permissions are required.

Risks are used to identify potential events that may adversely impact your organisation and analyse their likelihood and impact. This article will provide step-by-step instructions for how to define new and manage existing Risks.

In this article:

1. Risks list
2. Creating Risks
3. Editing Risks
4. Deactivating Risks
5. Deleting Risks
6. Further reading

1. Risks list

To open the Risks list:

1. Open the Go To... menu.
2. Hover over 'Risks'.
3. Select 'Browse' (under 'Find Risks').

You will be taken to a list of all Risks on your site:

2. Creating Risks

To create a Risk:

1. Open the Risks list.
2. Click 'Risks▼' in the top left corner of the view.
3. Select 'New Risk'.
   You'll be prompted to enter details and select a Risk Matrix.
4. Click 'Save & Close'.

Once created, you'll be taken to your Risk's notebook where you can set up Risk Assessments:

To create a Sub-Risk:

1. Open the Risks list.
2. Right-click the parent Risk.
3. Select 'New Sub-Risk'.
   You'll be prompted to enter details.
4. Click 'Save & Close'.

3. Editing Risks

To edit a Risk:

1. Open the Risks list.
2. Select the hyperlinked Title of the Risk you want to modify.
   This will take you to its notebook.
3. Click 'Risk Name▼'.
4. Select 'Edit Code, Title & Description'.

From here, you can change the Risk Code, Title, Type, and Description.

4. Deactivating Risks

To deactivate a Risk:

1. Open the Risks list.
2. Right-click the Risk you want to deactivate.
3. Select 'Deactivate'.
   You'll be prompted to confirm that you want to go ahead.
4. Click 'Deactivate'.

Deactivated Risks will still appear in the Risks list if the correct filters are selected. Deactivating a Risk will also deactivate all children Sub-Risks.

To reactivate an item, follow the steps above and select 'Reactivate' from the menu.

5. Deleting Risks

To delete a Risk:

1. Open the Risks list.
2. Right-click the Risk you want to remove.
3. Select 'Delete'.
   You'll be prompted to confirm that you want to complete the request.
4. Click 'Delete'.

Deleting a Risk will also delete all children Sub-Risks.

6. Further reading

• Accessing and using the Risks updates screen
• Adding and administering Internal Controls
• Scheduling and carrying out a Risk Assessment
• Searching for Risks and Internal Controls
• Setting up and managing Assessments