Ideas Portal

Risk Register

I love the Decision Register. Similar functionality for a Risk Register, a key governance function, would also be an excellent addition.

I manually do this currently with a table like below:

Risk

 

Impact
(Very Low, Low, Medium, High, Very High)

Probability
(Very Low, Low, Medium, High, Very High)

Strategy/action

Capital gains tax introduced and market slows High Low

1) 

2) 

3) 

       
  • Geoff Neal
  • Jun 6 2018
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  • Gavin McLeod commented
    June 07, 2018 18:30

    Risk reporting is often a complex and diverse area - different organisations can have highly variable risk reporting requirements but I agree that a generic reporting mechanism, similar in execution to the way in which boardPro has address the need for managing Action items and Minutes reviewing, with a special Agenda item type, would be very useful and would definitely add improved governance.

  • Gavin McLeod commented
    June 07, 2018 18:35

    I would probably adapt the final column above, the 'Strategy/Action' column to be an 'Risk Response Action' button where the response/mitigation would in an action on an owner - the difference this and a normal action being the addition of a non-mandatory 'Trigger' - so the Action may behave per a normal action if the Trigger is not specified, or the Action becomes 'live' only if the trigger event occurs.

  • Geoff Neal commented
    June 08, 2018 20:29

    I like the trigger idea, Gavin. Would certainly help an organisation move at lightning speed when crisis strikes!