Risk
Risk Definitions
Risk Appetite Most organisations tolerate a certain amount of Risk, balanced against the value gained from its activities where that Risk is a factor. For example, an aggressive Share Management organisation would likely balance a high tolerance for ...
Risk Module Configuration: General Risk Settings
The Drova GRC Configuration ‘Risk’ tab Establishing an appropriate Risk Configuration is a crucial part of using Drova GRC to its maximum effect. This process commences with the set-up of Risk parameters on this tab. Changes made here will be evident ...
How to set up a Treatment/Mitigation Task in the Risks module
✅ Applies to: Risk module Are you looking to set up a Task in the Risks module? Our system provides the capability to set up and send out tasks to support your organisation's processes and actions to mitigate each Risk's likelihood and consequence ...
What is Filter Builder and how to build one
What is Filter Builder and how to build one? The Filter Builder allows you to search for Records based on very specific—and complex—criteria. The principle behind the Filter Builder is that you create one or more Conditions, grouped under an ...
What is a Treatment in Risk?
About a New Treatment A Treatment is the given name of the Risk task. A task is made of four main elements: the details of the instruction or action required, the schedule, including the frequency, Reminder Days and Due Date, the Actioned by(s) ...
How to add a Risk
Add a Risk From the Main Menu, select Risk and hover over the three line icon to reveal a dropdown menu and click on New Risk. The ‘New Risk’ popup window is displayed. Complete the details in the ‘New Risk’ popup window. Click the ‘Save’ icon. Check ...
Linking Risks with Compliance Processes
From the Main Menu, select Risks | Work with Risk Records. The Risks Page will be displayed. In the Risks List, click the Risk that you want to link Compliance Records too, or unlink Compliance Records from. The Risk Page is displayed for the current ...
Complete a Risk Treatment Current Task
My Current Tasks To see which tasks have been generated for you to complete, from the main menu, click the My Summary option. If the Current Tasks tab appears, you have Current tasks you are required to complete. If this tab does not appear, you do ...
How to transfer a Risk Treatment
You can transfer a Treatment (and its associated history if it exists) to another Risk to save time, or to restructure your data. Note: Before transferring a Treatment, check that the ‘Actioned By’ Position(s) has at least ‘View’ Record Security ...
How to copy (Duplicate) a Risk Treatment
Use the Treatment Copy functionality to duplicate an existing Treatment. Access the Risk list page. Click on a Risk record in the list to open the The ‘Risk’ page. Click the Treatments tab. Click the Copy this Treatment icon 1 of the record to be ...
View and Editing a Risk Treatment
From the Main Menu, select Risks | Work with Risk Records. The Risks Page is displayed. In the Risks List, click the Risk that you want to add Treatments for. The Risk Page is displayed for the current Risk. On the Risk Page, click the ‘Treatments’ ...
How to add a Risk Treatment
Add Treatment tasks to maintain Risk items. Treatments can be scheduled cyclic, or on a Adhoc manual schedule. Access the Risk list page. Click on a Risk record in the list to open the The ‘Risk’ page. Click the Treatments tab. Click the New Task ...
How to create a Risk Template
From the Main Menu, select Risks | Work with Risk Records. The Risks Page is displayed. On the Risks Page, use the Page Navigation Panel and Column Headers to find the desired Risk in the Risk List. Once you have located the desired Risk in the List, ...
How to delete a Risk
Tip: Instead of deleting the Risk, consider changing the Risk’s Record Status to ‘Inactive’ to retain the Risk history. From the Main Menu, select Risks | Work with Risk Records. The Risks Page is displayed. On the Risks Page, use the Page Navigation ...
Filtering Risk Aggregation by Category
Each column in the Risk Aggregation by Category list can be filtered. For example if you wished to see only Categories with a Maximum greater than 8, first click in column heading cell 1, and type ‘8’. Next click the filter icon 2 to display the ...
Viewing Risk Aggregation by Category
To access Risk Aggregation by Category: From the Main Menu, select Risk | Aggregation by Category. Note: Risk counts are restricted to your Record rights security access. The Risk Aggregation by Category Page is displayed. The Risk Aggregation by ...
Transferring a Risk Review
Note: You can only transfer a Risk Review that appears in the ‘Current Tasks’ List on your ‘My Tasks’ Page. Drova will continue to generate future iterations of the Risk Review Task into your ‘Current Tasks’ List. Transfer a Risk Review to another ...
Completing a Risk Review
When you complete a Risk Review, there are additional things you must do beyond reporting the date completed, by whom, adding comments and attaching supporting documentation. You must also: check any KRI Tasks linked to the Risk Review, check any ...
Viewing or Editing an Occurrence Action
Note: The Risk-related term ‘Occurrence’ is configurable and may be different on your system. View or Edit an Occurrence Action from the Risk Page: From the Main Menu, select Risks | Work with Risk Records. The Risks List is displayed. In the Risks ...
Adding or Removing an Occurrence/Contingency Action
Note: The Risk-related term ‘Occurrence’ is configurable and may be different on your system. Add an Occurrence/Contingency Action from the Risk Page: Click the Risk tab from anywhere within the GRC platform. The Risks List is displayed. In the Risks ...
Viewing or Editing a Risk
Access the Risk Records list. The Risks Page is displayed. On the Risks Page, use the Page Navigation Panel and Column Headers to find the desired Risk in the Risk List. Once you have located the desired Risk in the List, click the Risk to open the ...
Adding a Risk
Note: Create Risk record functionality is restricted to members of ‘Create Risk’, or an Administrator, System Security Group A Risk record can be created either from the Risks List page or the Risk page. Access the Risk Records list. From the ‘Risks’ ...
Accessing a Risk Record
To access a Risk Records: From the Main Menu, select Risk The Risks Page is displayed. Note: If you not have the correct functional or Record access security, some of these menu options will not appear.
Risk Hierarchy
In Risk Management, some Risks give rise to other Risks. Typically these Risks are high-level, an example being the occurrence of WHS incidents which introduces follow-on Risks such as: Employee absence, Deterioration of Company reputation, Financial ...
The Risk Management Process
The following flowchart outlines the Drova Risk Management process. Note: The Risk Management features are highly configurable—you can use as much or as little of the Risk Management features set as your organisation needs. As such, this section ...