Create and run a basic risk indicator in the Risk Workspace

Create and run a basic risk indicator to identify the possibility of a future adverse impact on your organization. Indicators are an early warning system and they enable you to take preventative action on the risks. Basic indicators are automated indicators based on an indicator source.

Before you begin

Role required: sn_risk.manager or sn_risk.admin

About this task

In a basic indicator, the data is automatically collected from the source you specify. You must specify the supporting data before adding the criteria to filter data.

Procedure

1. Navigate to All > Risk > Risk Workspace > Indicators > Risk indicators.
2. Click New.
3. On the form, fill in the fields.

   Table 1. Indicator form

   Field	Description
   Category	Category of the indicator. For example, select Risk Indicator to create a risk indicator.
   Inherit from template	Option to create the indicator from an existing template.
   Template	Template used to create the indicator. This field appears only if the Inherit from template option is selected.
   Override template	Option to override the template's properties such as the name of the indicator.
   Name	Name of the indicator. If you select a template in the Template field, then this field is automatically set to the template name.
   Description	Brief description of the indicator. This field is automatically set if you select a template in the Template field.
   Entity	Entity used to filter risks.
   Applies to record	Record that the entity applies to.
   Risk	Filtered risk that is related to the indicator. Note: If you have selected an indicator template, then the risk is also filtered based on the template.
   Owning group	Group that owns the indicator.
   Owner	Owner of the indicator. This field is automatically set to the owner's name based on the risk.
   Method
   Type	Method used to determine the type of indicator. Select Basic.
   Target type	Type of the target value. The choices are as follows: None: Use this option if you do not want to set up any target or threshold for the indicator. Percentage: Use this option to determine the indicator result by a percentage value. Count: Use this option to determine the indicator result by a count value or total number.
   Target	Value that determines if the indicator succeeded (passed) or failed.
   Result based on target value	Result configuration field. The choices are as follows: Passed Failed For example, assume you enter 100 in the Target field. If the indicator result output is more than 100, then the indicator status is Passed or Failed based on the value configured in this field.
   Basic Criteria
   Note: This section appears only after you specify supporting data.
   Criteria	Criteria to filter the data from the source table. Click Set conditions inside the field and create filters for the conditions.
   Additional Criteria
   Additional criteria	More criteria to filter the data to calculate the target value. This section only appears when Percentage is selected from the Target type field. Click Set conditions inside the field and create filters for the conditions.
   Schedule
   Collection frequency	Collection frequency for indicator results. Indicator tasks and results are generated automatically based on the indicator schedule.
   First run date	Date the indicator was first run.
   Next run date	Next collection time for indicator results. This field is automatically set based on the value in the Collection frequency field. You can also edit this field and change the date. Note: This field only gets updated based on the scheduled runs and not when the indicators are manually executed.
   Results
   Status	Status of the indicator to show whether the indicator passed or failed.
   Previous status	Previous status of the indicator to show whether the indicator passed or failed.

4. Click Save.
5. To collect supporting data, click Specify supporting data and do the following:
   1. In the Source table field, select the table used for collecting supporting data.
   2. In the Supporting data fields field, select the fields of the source table that are used for collecting the supporting data.
      While specifying the supporting data fields, you cannot dot-walk in the Risk Workspace.
   3. In the Sample size field, specify the minimum number of records that must be used for collecting supporting data.
   4. Click Save and reload the form.
6. Click Execute.
   The Indicator Results related list appears.
7. To see the results of the indicator, click the Indicator Results related list and do the following:
   1. Click the result that you want to view.
   2. To view the snapshot of the supporting data, click View supporting data.
   3. To view a particular live record, click View for that record.
      Live records always open in the classic user interface and not in the Risk Workspace user interface.