Version 23.3.1ab (Risk Management) | Resolver Knowledge Base

Improvements

The ERM – Risk Management Dashboard was edited to focus on organization and communication. The following areas were added or reconfigured:
- Risk Assessment Progress
- Risks Requiring Assessment
- Controls Requiring Assessment
- Loss Events by Business Unit
- Indicator Status by Business Unit
- Key Control Performance
- Issues Identified in the Last Year
- A Business Unit Breakdown
The following Legacy forms were removed from the Risk Management app base:
- Risk Assessment:
  - (Legacy) Risk Assessment - 1 - Launch Risk Assessment
  - (Legacy) Risk Assessment - 2 - Scoping and In Progress
  - (Legacy) Risk Assessment - 3 - Monitoring
- Process Risk Assessment:
  - (Legacy) Process Risk Assessment - 1 - Launch Risk Assessment
  - (Legacy) Process Risk Assessment - 2 - Scoping and In Progress
  - (Legacy) Process Risk Assessment - 3 - Monitoring
- Objective Risk Assessment:
  - (Legacy) Objective Risk Assessment - 1 - Launch Risk Assessment
  - (Legacy) Objective Risk Assessment - 2 - Scoping and In Progress
  - (Legacy) Objective Risk Assessment - 3 - Monitoring
- Indicator:
  - (Legacy) Indicator - RM - 2 - Draft
  - (Legacy) Indicator - RM - 3 - Update
  - (Legacy)Indicator - RM - 4 - Monitor
- Control:
  - (Legacy) Control - GRC - 2 - Control Self-Assessment
  - (Legacy) Control - GRC - 4 - Control Self-Assessment Review & Monitor
- The following Risk Management forms for the Risk Team roles were changed to Read Only:
  - Control - IT Compliance Assessment Control Workflow:
    - Changed Default form name to → Control - IT Risk & Compliance - 3 – Assessment.
  - Control - IT Risk Assessment Control Workflow:
    - Changed the default form name to → Control - IT Risk & Compliance - 3 – Assessment.
  - IT Risk Category - IT Risk Assessment IT Risk Category Workflow:
    - Changed the default form name to → IT Risk Category - IT Risk Management - Consolidated Form.
  - IT Risk Assessment:
    - Changed the default form name to → IT Risk Assessment - 1 - Overview form.
  - Risk - IT Risk Assessment Risk Workflow:
  - Identify & Assign Owner:
    - Changed the default form name to → IT Risk - IT Risk Management - 4 - Assign IT Risk Owner.
    - For other states:
    - Changed the default form name to → IT Risk - IT Risk Management - 5 - Assess Risk.
Added descriptions for the fields and formulas on the following object types in the Risk Management App:
- Enterprise Risk Management:
  - Risk Assessment
  - Process Risk Assessment
  - Objective Risk Assessment
  - Risk
  - Risk Category
  - Objective
  - Process
  - Sub Process
  - Control
  - Policy
  - Indicator
  - Contributing Factor
  - Loss Event
  - Issue
  - Company (Risk Appetite Statement)
  - Corrective Action