Risk Register Software
Instructions for use
Step 2 - Enter business and risk context
Click on the 'Set up risk context' button to navigate to a screen where you can customise:
- Consequence descriptions (pre-defined categories)
- Business Units
- Organisational strategy
- Risk owners etc.
The fields have been populated with generic examples that you can use or edit/ customise. Any changes you make will be automatically saved as you exit a screen or the program.
Step 3 - Record risk information
Click on the 'Add/Edit Risks' tab, to navigate to the risk input screen, which records information about a particular risk. While not all information will be available initially (e.g. risk treatment approach) it is strongly advised that all fields are completed in due course.
There are 4 main sections of information per risk recorded:
Risk Identification - details of the risk, its causes, impacts together with information on which the business objective/s and/or business units it threatens
Controls - information on current controls aimed at preventing, reducing and managing the level of risk and a rating of effectiveness of current controls. Supporting documents can be attached and referenced
Risk Assessment - categorising risks and scoring the consequence and likelihood for the risk, after considering the effectiveness of current controls (residual risk).
Risk Treatment - information on planned risk treatments, responsibility for their implementation and status information on treatment plan implementation.
Any information you enter about a specific risk should be saved on exit.
Step 4 - Select and generate reports
Click on the 'Reports' tab to view a list of pre-defined risk reports. These reports will be automatically generated when you choose the report parameters and click generate. The reports are based on the risk information already entered in the database. Failure to fill in all fields in the 'Add/Edit Risks' will result in incomplete risk reports.
