Create a risk assessment scheduler and assign it to the risk manager. A risk manager can
then identify the entities and the risks within the entities for bulk initiation of risk
assessments.
In most organizations, the second line of risk managers coordinates the risk assessments. This
second line of risk managers identifies the entities and the risks within those entities for risk
assessment. They also identify who must assess the identified risks. This process is like a risk
assessment campaign the risk managers must manage until the first line of risk managers reach the
level of maturity where this is no longer required and the first line of risk managers can
self-assess and report these risks. Because of this cycle of risk assessment, the risk managers
are expected to create individual risk assessment scopes and initiate risk assessments. This
repetitive activity results in loss of time for risk managers. To address this issue, a new form
called Risk Assessment Scheduler has been introduced in the Quebec release. The
risk assessment scheduler enables the risk manager to select the:
Risk assessment methodology
Entities that must be assessed
Assessors of the assessment
Frequency with which the risks must be reassessed.
Based on this information, the system automatically creates the risk assessment scope and
initiates the risk assessments for those entities at the defined frequency. All the risks that
are mapped to the entity are considered to be in scope for assessment.
The following figure shows the states, the descriptions, and the expected outcomes of each of
the actions for the risk scheduler form:Figure 1. Workflow and actions of the risk assessment scheduler
