Who is this article for?
Risk Managers responsible for managing risk assessments.
Staff access to edit risk matrices is needed.
As your risk appetite evolves over time it is important to keep your matrices aligned. This means your matrices will change, adapting or matching changes to the business. This article outlines the steps to revise an existing risk matrix in order to make changes. This article does not include the details on how to setup a matrix for the first time (please visit How to Create a Risk Matrix for further details).
To make the matrix creation process easier to learn, this article is split into 4 sections so that you can either walk through the steps in sequence or you can jump to the section relevant to what you are doing in Q-Pulse Cloud:
1. Return the Matrix to Draft
Before the matrix can be updated you need to return it to a draft status. Once the matrix is a draft you can then make the necessary changes.
Important: While the matrix is in a draft state it cannot be used by risk managers. It is recommended that you coordinate changes to matrices around your other risk management activities.
To return the matrix to a draft:
- Click on Risk and then Risk Matrices.
- Open the matrix you want to edit.
- Click on the ellipsis button and select Deactivate.
- Notice the status of the matrix is now Draft.
Note: A matrix that is being used by a risk assessment cannot be deactivated.
2. Edit the Matrix
With the matrix now in draft you can continue to make your changes:
- Change the sort order of the axis (if required).
- Change the Risk Bands and Strategies (if required).
- Change the score (if required).
3. Activate the Matrix
The final step is to activate the matrix.
- Click on the Ellipsis.
- Select Activate.
4. Further Reading
- How to Create a Risk Matrix
- How to Deactivate, Archive or Delete a Risk Matrix
- How to Perform a Risk Assessment