Set up a risk appetite scale

Set up a risk appetite scale in the Advanced Risk application to define the qualitative risk appetite within your organization.

Before you begin

Role required: sn_risk.admin

About this task

Use a risk appetite scales to define the qualitative risk appetite on the risk statement, entity, and risk records. The risk appetite scales that are shipped by default are as follows:

• 1-Averse
• 2-Minimalist
• 3-Cautious
• 4-Open
• 5-Hungry

Procedure

1. Navigate to All > Advanced Risk Assessment > Administration > Risk Appetite Scales.
2. Select New.
3. On the form, fill in the fields.

   Table 1. Risk Appetite Scale form

   Field	Description
   Name	Name of the risk appetite scale. For example, Hungry.
   Active	Option to enable the appetite scale. You can't delete a risk appetite scale. Instead, you make it as inactive. This option is automatically selected. Note: When you make a risk appetite scale active or inactive, it affects multiple records, such as related risk assessments, entities, risk statements, and risks.
   Description	Brief description about the appetite scale.
   Value	Value of the risk appetite scale. This field defines a numerical value of the risk appetite scales. Note: Any change in the risk appetite value affects multiple records, such as related risk assessments, entities, risk statements, and risks.
   Display order	Order of the risk appetite scale. This field enables you to set a sequence in which the risk appetite scale appears.

4. Select Submit.