What is Risk Appetite Scoring?
Risk Appetite Scoring allows you to define what level of risk is acceptable for your organisation based on the combination of Impact and Likelihood.
How to Set It Up:
Go to Settings
Click Settings in the left-hand navigation bar.
Risk Appetite Scoring
Under the Risk Management section, select Risk Appetite Scoring.Navigate to a Risk Appetite Type
Choose from Open/Flexible/Cautious/Minimalist/Averse.
Use the Impact x Likelihood Grid
Click on the range to mark it as within tolerance (green) or outside tolerance (red).
Save Your Changes
Use the Save button to apply changes, or Cancel to discard. You can also click Restore Defaults to go back to the system’s original setup.