Set up a risk appetite scale
Set up a risk appetite scale in the Advanced Risk application to define the qualitative risk appetite within your organization.
Before you begin
Role required: sn_risk.admin
About this task
Use a risk appetite scales to define the qualitative risk appetite on the risk statement, entity, and risk records. The risk appetite scales that are shipped by default are as follows:
- 1-Averse
- 2-Minimalist
- 3-Cautious
- 4-Open
- 5-Hungry
Procedure
Navigate to All > Advanced Risk Assessment > Administration > Risk Appetite Scales.
Select New.
On the form, fill in the fields.
| Field | Description |
|---|---|
| Name | Name of the risk appetite scale. For example, Hungry. |
| Active | Option to enable the appetite scale. You can't delete a risk appetite scale. Instead, you make it as inactive. This option is automatically selected.Note: When you make a risk appetite scale active or inactive, it affects multiple records, such as related risk assessments, entities, risk statements, and risks. |
| Description | Brief description about the appetite scale. |
| Value | Value of the risk appetite scale. This field defines a numerical value of the risk appetite scales.Note: Any change in the risk appetite value affects multiple records, such as related risk assessments, entities, risk statements, and risks. |
| Display order | Order of the risk appetite scale. This field enables you to set a sequence in which the risk appetite scale appears. |
- Select Submit.
Parent Topic:Risk appetite setup