Entering Risks

When you click on a particular risk register, you will be presented with the list of risks, and a risk matrix.

There are a couple of ways to get risks into a risk register. Firstly, you can add them right into your article and then use the track option to copy them into the risk register. You can even use AI to identify risks in your policies and then have it populate the risk register.

Secondly, you can add it through the risk register directly. To add a new risk this way, click the "New Risk" button above the risk matrix:

This will bring up the following form:

We'll run through the fields in this form, below:

Title: This is the title of the risk, which should be one sentence if possible. More details about the risk can be entered below, in the Details field.

Original Probability: This is the probability of the described risk actually occurring, without any mitigating factors considered.

Ref Code: This optional field allows you to enter in an internal reference code for the risk, if you need to correlate it to a third party system or spreadsheet you maintain separately.

Impact: The impact section describes the various impacts the risk could have if it occurred. These are categorized in various ways to help you specify the overall impact of the risk, which is used to determine how important the risk is to your business overall:

  • Damage: Physical damage to assets.
  • Safety: Threats to staff's wellbeing.
  • Financial: Potential costs associated with the consequences of the risk.
  • Legal: Breaking federal or state laws or regulations.
  • Operations Disruption: The potential for your business to no longer be able to operate.
  • Growth / Reputation: Any impact to your organization's brand or reputation, that could impact future growth.
  • Other: List any other types of impact not covered above.

Duration: How long would the impact last?

Approx. Cost: The potential monetary cost (per annum) of the impact, if there is financial impact.

Impact Notes: Enter any additional information required to backup or elaborate on the impacts you specified, for future reference.

Many of these fields are optional, meaning you can leave them empty and come back to them later. What is important initially is to just describe the risk.

Once you are done entering that information, click OK to add the risk to the registry.

Note: Some of the sample policies may have associated risk information that will be created automatically when they are installed.


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Up Since 5/2/2025 5:17:15 PM