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RISK MANAGEMENT BLOG

How to Build a Risk Map

What are risk maps, and how do you build one? A risk map is built by plotting the frequency of a risk on the y-axis of the chart and the severity on the x-axis. Frequency is how likely the risk is or how often you think it will occur; severity is how much of an impact it would have if it did happen. The higher a risk ranks for these qualities, the more threatening it is to your organization.

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The Importance of Risk Mapping

Why should your organization be using risk maps? Building a risk map brings valuable benefits. You will have a thorough understanding of your risk environment and how individual risks compare to one another. You can use this to strategically prioritize your risks and determine where to use your limited resources.

Topics: Risk Management Process risk mapping Risk Map business risk management

ClearRisk Winter Release 2.9 - Coming Winter 2012

 

Risk Notes 


This winter, ClearRisk Manager is introducing Risk Notes. Notes or text box attachments can be added to any risk in your plan. Notes can be used for providing descriptions or additional information about a risk. Use Risk Notes to document meeting discussions, or to elaborate on how a specific risk affects your business. What’s more, you have the option to include Risk Notes in any report. 


Goodbye Solutions, Hello Folders


You asked and we listened! We have removed Solutions from ClearRisk Manager and replaced them with Folders. The great thing about Folders is that they are optional. Now you can keep your tools and documents organized in Folders or simply list them directly under your risk. For those of you who found Solutions useful, nothing has changed. You can use Folders in exactly the same way to group and organize your tools. Creating and removing Folders is easy! Now there is more freedom than ever to customize your risk management content and initiatives with ClearRisk Manager.

Drag and Drop Organizing for Plans and Libraries


It’s never been easier to organize your Risk Management Plans and Library! Arranging the risks in your plan alphabetically, by risk factor, or by category can be convenient, but sometimes you simply need them in a custom order. Now you can! With ClearRisk’s new drag and drop functionality you can drag a risk to a new position in the plan, drag a folder into a different risk, and drag a tool anywhere you like! Risk Management Planning made easier.

Editable Reports


The Winter 2012 release will introduce editable reporting. Need to add a page to your report? Want to make a few changes before emailing out this year’s risk review? No problem. Now ClearRisk Manager gives you the option to create reports in both editable and non-editable formats!


Task Reminders


Task Reminders are a great new addition to our Summer release Task functionality. Now you create a Task and set up email reminders to be set out hours, days, months - even years in advance. Create reminders for yourself or others; Add as many reminders as you need to help help you and your team on top of your most important risk management deadlines.

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Risk Management: Customizing a Risk Management Plan





Your risk management plan can be viewed in a number different ways.

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Risk Management: How to Identify Relevant Risk

 

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