In GRC, is it possible to apply weights to each risk by factors such as region and business, and then roll up the assessments for the entire group? I believe it is possible to calculate simple risk scores, such as totals and averages, but can more sophisticated analyses be performed?
You can use Group Factors, set factors to have Qualitative weighting (%) and using Weighted average. Perhaps this fits...
If you are talking about the inputs themselves, e.g. UK has a weighted choice , compared to US.. it could be scripted factors. Factor responses scoring must be unique so you cannot have choice X with a score of 1 and choice Y with a score of 1.
It depends why you are asking and what you really need, but talking about more advanced responses suggests you may be in a position of absolute complexity. Break the problem down and approach it again with some abstraction. Probably the tool can support the requirement when it is considered differently.
You can use Group Factors, set factors to have Qualitative weighting (%) and using Weighted average. Perhaps this fits...
If you are talking about the inputs themselves, e.g. UK has a weighted choice , compared to US.. it could be scripted factors. Factor responses scoring must be unique so you cannot have choice X with a score of 1 and choice Y with a score of 1.
It depends why you are asking and what you really need, but talking about more advanced responses suggests you may be in a position of absolute complexity. Break the problem down and approach it again with some abstraction. Probably the tool can support the requirement when it is considered differently.
Thanks for the tip on using Group Factors with Qualitative weighting and Weighted average scoring. That might just do the trick.
I'll take your advice and break down the problem, see if a bit of abstraction helps make things clearer. Might be that the tool can handle what we need after all, just gotta look at it a bit differently.
