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Parent Risk

 
A risk with other risks nested beneath it is referred to as a parent risk. This risk groups lower-level risks by a common feature such as risk type, business segment, or handling strategy. The screenshot below uses a notional set of data.
 
Parent Risk
 
1

Info Section

1. Info Section
The Info section contains basic information about the risks.
  •  Identifier: optional alphanumeric label for a group of risks
  •  Name: an easily identifiable moniker for a specific group of risks
  •  Description: a brief statement of the related risks
  •  Notes: an extra field for documentation, not visible in the Risk Viewer pane
2

Statement Section

2. Statement Section
The Statement section contains specific information about the risks. It is rarely filled out for parent risks, as it is can be difficult to identify verbiage applicable to an entire group of risks.
  •  If Statement: optional verbiage to identify the common trigger for the risks nested beneath the parent
  •  Then Statement: optional verbiage to identify the common outcome of the risks nested beneath this level
  •  Root Cause: optional cause of the trigger identified in the If Statement
3

Date Attributes Section

3. Date Attributes Section
The Date Attributes section is the time horizon for this group of risks. This is particularly important to fill out if you intend to create or use custom reports in Reporter that access risk dates.
4

Save

4. Save
Click Save when you are finished editing the sections; this writes the data back to the database. A reminder warning pops up to remind you to save if you try to navigate away from the risk while it is still in edit mode. (NOTE: You will not receive a warning message if you switch to another module.)
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