My Workspace - Risk Assessments

This article outlines the Risk Assessments information available on the My Workspace dashboard in Compliance Manager. The Risk Assessments section provides a high-level visual summary of risk severity distribution, enabling users to quickly assess the organization's risk posture directly from the workspace.

The Risk Assessments widget displays a horizontal severity bar representing the distribution of risk scores across defined risk levels.

Risk levels include:

• Low
• Moderate to Low
• Moderate
• Moderate to High
• High

The severity scale reflects the overall range of risk ratings and helps users quickly identify areas where higher-risk items may require attention.

Risk ratings in Compliance Manager are calculated using a risk matrix that evaluates both the severity of a risk and its probability of occurrence. This approach provides a consistent and objective way to prioritize risks.

The risk matrix combines two factors:

• Severity: Represents the potential impact of the risk if it occurs. Severity values range from 1 (Low) to 5 (High).
• Probability: The likelihood of the risk occurring. Probability values also range from 1 (Low) to 5 (High).

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