Use the WCO IT Risk Profile Tool to continuously document, track, and report risk events as part of your risk management strategy. Use risk dashboards and reporting as part of your ongoing communication plan with business leaders.
Use this research to help:
- Identify risk events using risk scenarios in the Initial Risk Score tab.
- Assess likelihood, and impact values to risk events in the Initial Risk Score tab.
- Determine contributing factors, mitigating factors, mitigation effort, and residual risk for each risk event in the Final Risk Score tab.
- Decide on the action to be taken on each risk event and required follow up, assign accountability, and track impact.
Effectively communicate risk events to the business, and prepare for an action plan.