Risk Levels are used to measure the overall severity of a risk and are used in the Risk Scoring section on Risk Group, Risk Register and Risk Instance Records.
Commonly used Risk Levels include Very Low, Low, Medium, High and Critical; however you can tailor your Levels to fit with your organisation's chosen risk matrix.
To access your Risk Levels, navigate to Account Settings from the system Home Page.
Note: Only users with Master User permissions can access the Account Settings.
Click Module Setup followed by Risk Management and then Risk Register.
Click +Add to create a new Risk Level.
Each Risk Level will consist of a Name, Value and Colour Value.
Below is a table with examples.
Enter the Risk Level details and click Save.
The Risk Level will be added to the list and become available for use in the module.
If you need to Edit, Disable or Delete the Risk Level, you can use buttons beside the Level to do so.
Note: Disabling a Risk Level will ensure it is still visible in the Account Settings, on past records and in reports, however will be unavailable for selection when new records are created. Deleting a Risk Level will remove it from the account entirely.
Should you need any further support please contact the team at email@example.com or call 01206 321 391.