Creating a Risk

While creating a risk, it should be named clearly and briefly so anyone can understand what the risk is. Describe the potential impacts of the occurrence of the risk, ideally in business terms. Decide on the impacts and be consistent. Consistency is especially important as the risk register gets larger and more people get involved in the assessments.

Creating a risk

1. Go to your TrustRegister program.
2. Click on the “Create New Risk” button.
   
3. Enter information like Risk Name, Category, Subcategory, Reporting Group, Group and Risk Impact. Click on the “Create” button.
4. Your newly created risk can be viewed on the Risk Register page.

You can add assessment to your newly created risk to determine its impact and likelihood,  and a treatment plan to strategize actions for continuous risk reduction. You can also edit the risk details or delete the risk if it is no longer needed.

To learn more about TrustRegister, click here!