Configuring risk attributes

Define custom fields in Strategy that capture different risk attributes to help you characterize, assess, and report on risks. The risk attributes you define apply to all risks.

How it works

Risk attributes are the qualities, characteristics, or features of a risk. By defining risk attributes, you can record different types of information about risks.

Example risk attributes

Risk type a classification of the risk into one more categories
Risk magnitude a ranking that helps to determine which risks need to be mitigated first

Default risk attributes

There are 3 default risk attribute fields that are configurable:

Default risk attribute	Field type
Risk Owner	One-liner
Risk Category	Dropdown
Risk Appetite	Paragraph

Custom risk attributes

You can specify a total of 10 custom risk attribute fields to apply to all risks. The total includes the default risk attributes that can be edited or deleted at any time.

Permissions

Only Strategy Admins can define risk attributes.

Add a risk attribute

Open the Strategy app.
Click Settings.
The Users page opens.
From the left panel, click Attributes.
The Risk Attributes page opens.

Click Add and select the appropriate field type:

Icon	Field type	Description
	One-liner	Typically used for single word or short phrases.
	Paragraph	Typically used for paragraph responses that can be formatted using Bold, Italic, Underline, and List options.
	Dropdown	Displays predefined choices that you can choose from. There is no limit to the number of predefined choices you can specify. The default choices for Risk Category are: Strategic, Operational, Compliance, Financial & Reporting.
	Multiple Choice	Displays predefined choices that you can choose from. There is no limit to the number of predefined choices you can specify.

In the New Risk Attribute form, enter a label for the field.
Risk attribute names must be unique. The maximum character length is 60.
Optional. Change the field type.
Note
After you save, you cannot change the field type.
If you chose Dropdown or Multiple Choice as the field type, specify the options by doing any of the following:
- To add additional options, click + Add Option.
- To reorder options, click and drag the tile to the appropriate location in the list.
  The order of the options is reflected in the field on the Details tab, where you record risk information.
- To delete an option, click the trash bin .
Click Save.
The new risk attribute displays. If there are existing risk attributes, the new risk attribute is appended to the bottom of the list.

Edit a risk attribute

Open the Strategy app.
Click Settings.
The Users page opens.
From the left panel, click Attributes.

The Risk Attributes page opens.
Navigate to the appropriate risk attribute and click Edit.
The Edit form opens.
Optional. Update the name of the risk attribute.
If you chose Dropdown or Multiple Choice as the field type, specify the options by doing any of the following:
- To add additional options, click + Add Option.
- To reorder options, click and drag the tile to the appropriate location in the list.
  The order of the options is reflected in the field on the Details tab, where you record risk information.
- To delete an option, click the trash bin .
  
  Note
  If you delete an option, you will need to review any risks that have been defined with the option, and update risk details.
Click Save.
The updated risk attribute displays on the page.

Delete a risk attribute

Open the Strategy app.
Click Settings.
The Users page opens.
From the left panel, click Attributes.
The Risk Attributes page opens.
Navigate to the appropriate risk attribute and click Edit.
The Edit form opens.
Click Delete.

Caution
Deleting a risk attribute permanently removes the field and all associated data from all risks.
Click Delete in the confirmation dialog box to confirm permanently removing the risk attribute.
The risk attribute is permanently removed.