Performing Inherent Risk Assessments

This guide will show you how to conduct an inherent risk assessment for your sites. The assessments can be conducted for different threat, compliance, and hazard based assessments.

Written Instructions:

1. Access the Location Page

   1. You will navigate to the top left corner of the page, and press the 3 white lines to access application navigation.

   2. You will select locations, and be brought to the location hierarchy page. Select your location from this hierarchy.

      

      

2. You will be brought to the Locations page.

   1. Select the specific site that will the inherent risk will be assessed for different types of assessments.

   2. Select the Scenarios tab, where the assessor will see the scenarios that are available to conduct an inherent risk assessment for that location.

      

3. Assessing the Inherent Risk of the Scenario at a specific location

   1. Description: The inherent Risk score allows for sites to be ranked for a scenario. The risk score consists of two main values: Probability and Severity.

      • These values are multiplied together to generate a standardized score that has the same weight across locations within an organization.

   2. Once the location is selected that will have an inherent risk assessment conducted for it, navigate to the Scenario section for that location’s detail page. Select the “plus button” on Probability and Severity to begin assessing

      

4. Assessing how Variables will effect the Inherent Risk that is Associated with a Scenario

   1. Once the “+” located under the Probability column is selected, this will bring up the Probability Matrix for the selected scenario at the selected site. This also applies for the Severity matrix.

   2. A Modal will appear with the probability/severity matrix for the Scenario at the selected location

   3. Assess how the given measures will affect the probability/severity that will need to be conducted at the site that is having inherent risk assessed.

      1. What is the effect of (i.e the amount of crime in a one mile proximity) on the probability of this scenario happening?

      2. What is the severity (i.e the impact on assets) if this scenario were to occur at this location?

   4. Once finished, select Save, and this will submit these values for these variables.

      

5. Once both the probability and severity matrices have been filled out fully, an inherent risk score will be generated for that scenario.

   

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  Performing Inherent Risk Assessments