Dashboards in Risk Manager
The home page of the Risk Manager app displays a workflow status chart and a risk heatmap. These visuals provide you with a holistic view of your risks. This will help you to identify, prioritize, and mitigate risks and make important strategic decisions.
Charts
The two types of charts are as follows:
- Workflow status This is a donut chart that shows the total number of risks based on the workflow status. You can click the Filter by workflow status link to filter the risk list by the selected status.
- Risk heatmap This is a heatmap chart that shows the risks based on the final risk rating selected in the Likelihood and Impact fields of the risk.
Each cell in the heatmap contains the number of risks in a particular category, such as low, medium, and high, depending on the Likelihood and Impact fields. For example: In the table below, the count of 2 in the middle cell of the top row in amber color represents 2 Medium risks, with the Likelihood of High and Impact of Medium.
The statistics in the upper left of the heatmap shows the sum total of the risks in each category (Low, Medium, and High). For example: In the table below, there are a total of 7 risks in the Medium category, represented by amber color.
For more information about heatmaps, see How is the risk heatmap generated?
How is the risk heatmap generated?
The risks shown in each cell of the heatmap are based on the final risk ratings selected in the Likelihood and Impact fields of the risk. You can fill in those fields in the Risk Details page.
Risk heatmap matrix
The risk heatmap is generated in different matrix combinations such as 3 x 3, 4 x 4, and 5 x 5, depending on the number of options available in the Likelihood and Impact fields.
For example, when both Likelihood and Impact fields have 3 options each (Low, Medium, and High), then a 3 x 3 matrix is generated as follows:
| Likelihood | High | Low | Medium | High |
|---|---|---|---|---|
| Medium | Low | Medium | Medium | |
| Low | Low | Low | Low | |
| Low | Medium | High | ||
| Impact | ||||
Colors in the heatmap
The risk levels in a 3 x 3 matrix are represented by three colors as follows:
- Green is Low.
- Amber is Medium.
- Red is High.
Likewise, a 4 x 4 matrix is represented by four colors, and a 5 x 5 matrix is represented by five colors.
Count in the heatmap
You can see the count of risks in each category (for example: Low, Medium, and High) in the upper left of the heatmap.
To calculate the number of risks in a particular category, the number of risks in cells with the same color are added together. For example, to calculate the total number of medium risks, all risks in the amber-colored cells are added together and displayed in the statistics on top of the heatmap.
Determining the risk level
The risk level is determined by the likelihood and impact of a risk.
Let's take an example of a risk in a 3 x 3 matrix to determine the risk level. The following table shows the risk level for different options of likelihood and impact.
| Likelihood | Impact | Risk Level |
|---|---|---|
| High | Low | Low |
| High | Medium | Medium |
| High | High | High |
| Medium | Low | Low |
| Medium | Medium | Medium |
| Medium | High | Medium |
| Low | Low | Low |
| Low | Medium | Low |
| Low | High | Low |
Configuration of the heatmap
We'll take care of the configuration of the heatmap for you. The 3 x 3 matrix is the default configuration. You can configure the Likelihood and Impact fields such as changing the option names, adding more options to the fields, etc. Contact your Diligent representative or Support for assistance.
The following are examples of 4 x 4 and 5 x 5 matrix heatmaps.
4 x 4 matrix
When there are four options (for example: Very Low, Low, Medium, and High) in both the Likelihood and Impact fields , then a 4 x 4 matrix heatmap is generated.
The logic to determine the risk level and the way to represent it in the heatmap remains the same. For example: When the Likelihood is Medium and the Impact is High, the risk level is Medium.
| Likelihood | High | Very Low | Low | Medium | High |
|---|---|---|---|---|---|
| Medium | Very Low | Low | Medium | Medium | |
| Low | Very Low | Very Low | Very Low | Low | |
| Very Low | Very Low | Very Low | Very Low | Low | |
| Very Low | Low | Medium | High | ||
| Impact | |||||
5 x 5 matrix
When there are five options (for example: Very Low, Low, Medium, High, and Critical) in both the Likelihood and Impact fields , then a 5 x 5 matrix heatmap is generated.
The logic to determine the risk level and the way to represent it in the heatmap remains the same. For example: When the Likelihood is Medium and the Impact is High, the risk level is Medium.
| Likelihood | Critical | Very Low | Low | Medium | High | Critical |
|---|---|---|---|---|---|---|
| High | Very Low | Low | Medium | Medium | High | |
| Medium | Very Low | Low | Low | Medium | Medium | |
| Low | Very Low | Very Low | Low | Low | Low | |
| Very Low | Very Low | Very Low | Very Low | Very Low | Very Low | |
| Very Low | Low | Medium | High | Critical | ||
| Impact | ||||||
