Risk Reviews

Learn how to review risks on schedule and mark them as reviewed.

  2 minute read  

Risk reviews keep assessments current. Each risk has a review schedule driven by its score zone. When a risk passes its review date without being reviewed, it appears on the Overdue Risk Reviews page until it is assessed and marked up to date.

When to use it

Review a risk when:

  • The risk’s Next Review Date has passed.
  • The risk’s circumstances have changed, for example, the likelihood or impact has increased.
  • You are prompted by the My Overdue Risk Reviews cue on your role center.

To mark a risk as reviewed

  1. Choose the 🔎 icon, enter Risks, and then choose the related link.
  2. Open the risk you want to review.
  3. Assess the current situation, update Likelihood, Impact, Status, or Materialized if anything has changed.
  4. Choose Mark as Reviewed.

The system sets Last Review Date to today and calculates a new Next Review Date based on the score zone’s review interval.

Review schedule

The review interval for each risk is controlled by the Review Interval (Days) field on the risk’s Score Zone. A higher-risk zone typically has a shorter interval, for example, 30 days for Critical versus 180 days for Low.

See Risk Score Zones to adjust review intervals per zone.