Add option to also calculate a Residual Risk Score AND define/use Default Rating Criteria

, there does not appear to be an option to also calculate a Residual Risk Score AND define/use Default Rating Criteria 4. Switching the Scoring Scheme does not bring back the expected results.

• Scoring Scheme = Calculated Residual
o Default Rating Criteria 1 = Likelihood
o Default Rating Criteria 2 = Severity
o Default Rating Criteria 3 = Control Effectiveness
o Default Rating Criteria 4 = Custom (e.g. Manual Complexity)
• Inherent Risk = 1 x 2 <>
• Residual Risk = 1 x 2 x 3 x 4 <>

As it stands, the Residual Rating can become GREATER than the Inherent Risk Score. Under all circumstances, we would expect Residual Risk to be less than Inherent Risk.

ADMIN RESPONSE

Feb 23, 2024

Thank you very much for posting your feedback. At this time, we will not be adding this request to the near-term backlog. However, we re-evaluate requests every quarter and will reach out if priorities change. Please keep the feedback coming as it is critical for our longer-term planning.

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Kerry Hiki

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| Sep 7, 2022

Thanks for the suggestion. This isn't a priority right now but we will continue to monitor this for other client interest.

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1 MERGED

Selection boxes for Risk rating

Merged

Please add selection boxes to the Risk rating selections to allow us to include the additional custom ratings we add to either to Residual and/or Inherent Risk rating calculations. In our example we added a rating called Velocity which we would li...

Marius Botha over 3 years ago in Nintex Process Manager (formerly Promapp) / Risk and Compliance Management 1 Not Planned

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Add option to also calculate a Residual Risk Score AND define/use Default Rating Criteria