Change Risk

1. Select the Risks and Issues sub-tab under the RAIDD tab.
   
2. Ensure ether Split screen or Risks only is selected (radio buttons on top left of screen).
3. Double-click on the Risk to open it.
   
   
4. Enter the Risk Description.
5. Optionally enter a description of the Residual Impact of the Risk on the Plan.
6. Optionally select from the dropdowns a Type and Category.
7. Enter Risk Raised by. If person is not in the drop down box, click add person to add a new person to the plan.
8. Select from the dropdown a Residual Severity assessment.
9. Select from the dropdown a Residual Likelihood assessment.
10. Select from the dropdown a Date Raised.
11. Select from the dropdown a Risk Status.
12. Select ‘show advanced Options.
13. Optionally enter a description of the Risk’s Avoidance/Mitigation Action.
14. Optionally enter an Escalation description.
15. Optionally select from the dropdown the Risk Owner name. . If person is not in the drop down box, click add person to add a new person to the plan.
16. Optionally enter a By When date for the Action.
17. Optionally enter a Date Closed for the Action.
18. Optionally override the Calculated Action Delivery Status.
19. Click Save.

NB: Residual means ‘after the mitigation actions performed so far’, not ‘even if all the mitigation actions are performed’; so initially Inherent = Residual. But as mitigation actions progress the Residual Severity/Impact reduces. NB: Inherent Severity/Likelihood can only be amended if the Plan’s Workflow Status is Proposed or Approved.

NB: If some of the fields described above are not displayed, your Administrator may have selected a different risk matrix without some of the fields above.