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GRC - Governance, Risk & Compliance > HOPEX Enterprise Risk Management > Managing Risks > Accessing Risks

Accessing Risks

Accessing All Risks

Accessing Orphan Risks

Accessing Materialized Risks

Accessing All Risks

To access risks:

In the navigation bar, select Risks.

For each risk, you can access the following information:

• Code

• Status

The Status enables you to distinguish between risks that were Submitted (and need to be reviewed) from those that were Validated.

• Major Risk (is it a major risk or not?)

• Entities

• Last assessment (date)

• Inherent risk

The inherent (gross) risk indicates the risk to which the organization is exposed in the absence of measures taken to modify the occurrence or impact.

• Residual risk

The residual (or net) risk indicates the risk to which the organization remains exposed after management has processed the risk.

• Open Incidents (number of)

• Forecast Risks (number of)

• Action Plans (number of)

Accessing Orphan Risks

To access risks that are not connected to any contexts (orphan risks):

1. See Accessing All Risks.

2. From the Risks drop-down list, select Orphan risks.

This list displays all the risks that have no impact on the organization. These risks are not connected to any processes, applications, entities or business lines.

To specify the risk impact, fill in the Scope section of risk characteristics.

Accessing Materialized Risks

A materialized risk is a risk for which an incident occurred.

To access risks that materialized through an incident:

1. See Accessing All Risks.

2. From the Risks drop-down list, select Materialized risks.