What Is a Risk Group?
A Risk Group in BoardX is a way to organise related risks under a shared theme, project, function, or strategic priority. It allows for more granular reporting and helps your team quickly answer high-level questions like:
“Show me those risks the board is interested in that are outside tolerance.”
“What risks can impact our new Housing Development?”
Risk Groups help you:
Focus on risks that matter to specific stakeholders (e.g., Board, Executive Team, Project Owners)
Monitor emerging trends within departments or projects
Align risk oversight with business objectives
How to Set Up a Risk Group
Follow these steps to create a Risk Group and assign risks to it:
1. Go to the GRC Risk List
Click on GRC from the left-hand menu.
Select Risk Group Under Risk Register
2. Create a New Risk Group
Click +New on the top right of the screen.
Enter a name (e.g., “Board-Prioritised Risks” or “Housing Development Risks”).
Optionally, add a description for context.
Click Save.
3. Link Existing Risks to the Group
Click into the group you just created
Click on the Linked Risks tab
Click Link on the top right of the screen
On the pop-up window, check the check box next to the relvant risks.
Click add.
🧩 When to Use Risk Groups
Group risks by project, like “Housing Development”
Group risks by business function, like “Data Security Risks”
Create a group for risks flagged as Board Priorities
Segment risks for internal audit or regulatory reporting
📌 Tips
You can filter by Risk Group across the dashboard, export reports, or isolate risks that are outside of tolerance within a group.
Clear naming helps teams quickly find and act on grouped risks.