Create a risk framework in the Risk Workspace

Create risk frameworks to group risk statements into manageable categories and generate risks. After the risks are generated, you can identify methods to mitigate them.

Before you begin

Role required: sn_risk.manager

Procedure

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

   Table 1. Risk Framework form

   Field	Description
   Number	Unique identification number.
   Active	Option to indicate whether the risk framework is active. Note: If a risk framework is made inactive or retired, all the associate risk statements and risk records are also deactivated.
   Name	Name of the risk framework.
   Description	Description of the risk framework.
   Additional information	Additional information for this risk framework.

4. Click Save.
5. To add entities from entity types, click the Entity types related list.
   1. Click Add.
   2. Select the entity types.
   3. Click Add.
6. To add risk statements, click the Risk Statements related list and do one of the following.

   Choice	Steps
   To add an existing risk statement	Click Add Select the risk statement. Click Add.
   To create a risk statement	Click New. Select the risk statement and fill in the form. For more information, see Create a risk statement in the Risk Workspace. Click Add.

Result

The new risk framework is created.

• Create a risk statement in the Risk Workspace
  Create risk statements to group risks into manageable categories.