Can the risk data be baselined?

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Amplify Support

• July 21, 2020 04:41

Created on behalf of Aristo W.

Is it possible to baseline the risk due date as well as capture the dates when risks statuses changed, as part of baselined data? Users want to see any risk dates that have shifted or closed items that have been reopened, and vice versa.

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  vmittal

  • November 12, 2020 05:50
  • Edited

  A functionality where all risk metrics are included in the baseline may be helpful - risk name, description, owner, rating, due date, mitigation actions, commentary and all custom fields associated with risks.

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  Amplify Support

  • November 15, 2020 23:43

  Hi All,

  I'd like to have a discussion about the use case for baselining risk data. I am interested in the following: 

  • What kind of historical reporting is being done on risks? 
  • What is the process involved? When is a risk compared against its baseline, what questions are we trying to answer about the risk? 
  • What decisions are being made following the review of a risk against its baseline? 

  To date, risks have not been part of the baseline and I am interested in the processes and workflows that baseline risk data would support. 

  Look forward to discussing it further. 

  - Phil

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  vmittal

  • November 15, 2020 23:49

  Thanks Phil.

  We are looking at following for risk reporting:

  (1) How the risk rating has changed historically?

  (2) How the impact/ likelihood assessments have changed historically?

  (3) Any risk ownership changes over time?

  (4) If review dates and due dates for risks/ mitigation actions have dragged over time or actions have been completed by due dates?

  (5) Trends on custom fields we have created for risks - Top 10, trending.

  Above will help with risk assessments and decisions regarding next mitigation plans, impact on overall initiative.

  Hope this helps. More than happy to discuss further. 

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  vmittal

  • July 20, 2021 05:14

  Hi Phil,

  Do we have a plan to include RAID items in baselines?

  Thanks

  Vipul

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