Assessing and visualizing risks

Strategy is an app in Diligent One. You can follow this quick start to learn how to assess and visualize risks in the Strategy app.

Before you start

You should complete Building a risk profile and defining risks, have a basic understanding of Strategy and other Diligent One apps, and/or have relevant domain knowledge.

Workflow

1. Assess inherent risk

  1. From the Launchpad home page (www.highbond.com), select the Strategy app to open it.

    If you are already in Diligent One, you can use the left-hand navigation menu to switch to the Strategy app.

  2. Click the appropriate risk name.
  3. Click the Assessment tab if you are not already on it.
  4. Click in the Strategic Objectives field.

    Note

    • Interface terms are customizable, and fields and tabs are configurable. In your instance of Diligent One, some terms, fields, and tabs may be different.
    • If a required field is left blank, you will see a warning message: This field is required. Some custom fields may have default values.
  5. Select each strategic objective to include from the dropdown list.
  6. Optional. Click Risk scoring definitions for more information. If a Strategy Admin has written descriptions for them, you can learn about each risk scoring factor and their various scores.
  7. Click the appropriate input area under a risk scoring factor.
  8. Specify a score using the 3, 5, 10 point or custom scale configured for your organization to assess the risk across operating segments.
  9. Repeat steps 6 and 7 for each risk scoring factor.

2. Visualize risks

  1. Select Heatmaps in the main navigation menu.
  2. Do any of the following:
    • Select Strategy Heatmap to view organizational risks or download a PDF version of the Strategy Map:

    • Select a Risk Heatmap to view or configure a Risk Heatmap or download a PDF version of the Risk Heatmap:

3. Assign a risk to a state

Click and drag the risk tile to the new location.

What to do next

Link metrics to risks, associate risks with treatments, assess residual risk, and view assurance: Integrating data to monitor risks