Use the BI 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 tool to help:
- Identify risk events using risk scenarios in the Initial Risk Score tab.
- Assess likelihood and impact values for 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.