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TABLE OF CONTENTS

• Introduction
• Create a New Risk
  • Details
  • Scope
  • Score
  • Review
  • Target Score
• FAQs
  • I do not see the Review or Target steps when creating a Risk.

Introduction

There are a number of steps to follow when creating a new risk.  The steps which appear may depend on how your Organisation uses the Risk Register and whether you are the person responsible for the Risk .  If someone else makes you the responsible person for the Risk you will be asked to complete the creation of the Risk.

Create a New Risk

• When viewing the Risk Register select Create New Risk.

• There are a number of steps to follow.  You may not see all these steps as they depend on your permissions and the Organisation's Radar Healthcare setup. 

Details

• Here you can enter key information about this risk.

• Category.  Your Organisation has created a list of categories.  Please select the most relevant for your Risk. Click here for more information on Risk Categories.

• Description.  Enter the key details of the risk and provide context for others to view at a later date.  [Mandatory]

• Impact - This is an optional free-text box to explain the likely impact this risk will have.  [Optional]

• Supporting documents.   Select Upload if you want to add any associated documents to this risk.

• Person responsible.  Chose the individual responsible for this risk. This will default to the user who is responsible for the Category you have selected.  This can be overridden when required.  This user will be responsible for owning and reviewing the Risk.

• Notify responsible person. Select this to email the responsible person so they are aware of this Risk.

Scope

This feature may not apply to your organisation.  Please speak to your Radar Healthcare contact for further details.

• Select whether this Risk applies to the whole Organisation, or a particular Region or Location.

• For a Region or Location Risk select the particular Region or Location in question. 

• The scope determines who can see the risks.   A user with a Location role, and permission to view the Risk Register, will see the Risks for their Location only.

Score

• Here is your Organisation's Risk Matrix.  Choose the most relevant description on the Consequence and Likelihood tables.  This helps define the current impact this Risk has.

• If you are NOT the person responsible for managing this risk, you have now completed all the relevant steps to create a new risk. Click Create Risk at the bottom of the page.

• If you are NOT the person responsible for this risk it is saved as the "Initial Score".  During the initial review by the person responsible for the risk, the score can change.  If you ARE the person responsible the score on this table is marked as the "original score" and cannot be amended.

Review

• This step will appear if you are the responsible person for this Risk.

• Next review date.  This is when the risk needs to be reassessed and reviewed/updated.

• Pending Period.   The period of time before the next due date that the risk will show as Pending on the responsible person's dashboard.

• Risk Appetite. The risk appetite is “the amount and type of risk that an organisation is prepared to pursue, retain or take"(ISO 31000).

• Response - What is your primary method of handling this risk?

• Transfer.  Transfer the risk to a 3rd party, e.g. an insurance company.
• Tolerate.  Accept that you will need to take this risk.
• Treat.  Put action in place to mitigate the risk.
• Terminate.  Put plans in place to remove the risk altogether.
• Take the Opportunity.  Some risks may present a positive opportunity that you can take advantage of.

Target Score

• This step will appear if you are the responsible person for this Risk.

• Choose the most relevant description on the Consequence and Likelihood tables.  This is an acceptable score for us to work towards.  

• When a risk is reviewed, the target score can be compared to the current score to determine if you are successfully managing/reducing the risk.

• To complete the risk creation process, please select Create risk at the end of the Target page.

FAQs

I do not see the Review or Target steps when creating a Risk.

• These steps are the responsibility of the person responsible for the Risk.  When creating the Risk you define this individual when entering the details of the Risk.  Once you have completed the Details, Scope (if relevant), and Score, the person responsible will be required to review the risk and complete the Review and Target steps.