Risk factors
Many risk factors are defined within the framework of international, national or inter-professional regulations, or within the enterprise itself.
A risk factor is an element which contributes to the occurrence of a risk or which triggers a risk. Several Risks can originate from a same Risk Factor Examples: the use of a hazardous chemical product, the complexity of an application, the size of a project, the number of involved parties, the use of a new technology, the lack of quality assurance, the lack of rigor in requirements definition…To access the list of risk factors with the Control and Risk Architect profile:
1. From the Repository paint, select Controls and Risks navigation window, then expand the folder that corresponds to your repository.
The Regulation Frameworks and Control Systems folders appear.
2. Expand the Regulation Frameworks folder.
The risk factor tree appears.
With each risk, you can associate one or more risk factors, sources of risks that have intrinsic potential to endanger organization operation. For example, dangerous chemical products, competitors, governments, etc.
To create your own risk types with the Risk Manager (simplified) profle in the Risk Library tab, select Risks > Categories > Risk Factors.