Risk appetite status - Methodology for status calculation field

RehaS
Tera Contributor

Hi Team,

 

Need to know the use of the field "Methodology for status calculation" in the section Risk Appetite status within the Risk Statement form. There option for to select only one Risk Assessment Methodology in this field.
1. What is the impact if we set one RAM here.?
2. What should be considered while setting the RAM?
3. What is the impact of not setting the RAM in the field?
4. This field appears to be edited only in parent risk statements?
5. If we select a RAM, can we assess the risk with other RAMs as well?

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2 REPLIES 2

Rafael Cardoso
Tera Guru
Tera Guru

Hi Rehas once you scope your entities to trigger risk assessments these fields / this tab will be automatically populated. If you haven’t configured anything in RAM regarding risk appetite nothing will happen. Have you tried testing it in your PDI to see the results?

Raf


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ThineshT
ServiceNow Employee
ServiceNow Employee

Hi @RehaS ,

 

This is field notifies the RAM that shall be used for Aggregation report by risk statements. Yes, you can assess the risk with other RAMs as well but the aggregation by risk statement happens only through this selected RAM like for aggregation by Entity happens through Primary RAM configured at the Entity class level.

 

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