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Using the Master Risks menu
Who is this article for?Administrators who want to learn how to use the Master Risks menu.
Administrator permissions are required.
The Master Risks menu in Lucidity Risk provides access to the Master register, which comprehensively lists all risks faced by the organisation, offering a centralised view of the entire risk landscape. This article explores how to navigate and utilise the Master Risks menu effectively, demonstrating how to leverage its features for risk classification through categories, facilitating easier management and analysis of your organisation's risk portfolio.
- Master Risks
- Master Risks menu
- Risk Audit history
- Reporting from the Master Risks page
- Further reading
1. Master Risks
The Master register lists all risks faced by the organisation. Categories can be used to classify risks for easier management.
It is recommended that each risk has:
- An uncontrolled risk score.
- Either a maximum controlled risk score or no controlled risk score.
Once the risk is used within a project, it is the responsibility of the project manager is to review each risk and complete the controlled risk score. Leaving it at the maximum or blank forces the project manager to complete this task.
It is recommended Risk Templates are created prior to generating master risks. This then allows master risks to be allocated to the relevant template as they are created.
2. Master Risks menu
Video: Master Risks Menu Overview
The Master Risks menu provides a registry of the master risks that have been set up within Lucidity Risk.
In the Master Risk page, administrators can:
- Add, edit and view master risks.
- copy or delete master risks.
- Export lists of master risks to Excel in list format.
3. Risk Audit history
Video: Risk Audit History in the Project Risk Register (Risk audit history in master risks is very similar to this task).
Viewing the audit history from the Master Risk page is very similar to viewing the audit log from the project register page.
To view the individual risk audit history, from the Master Risk page:
- Click Show Filters.
- Use Filters as required to locate the relevant risk.
- Click Filter.
- Locate the specific risk at the bottom of the screen.
Tip: Hiding filters can make viewing the results easier.
- Click History to the far right of the relevant risk.
- Use filters and run Excel reports as required.
- Click View to the far right of each audit event to view full details.
Note: The audit history can also be viewed within the edit screen of a master risk by clicking see history.
4. Reporting from the Master Risks page
To generate a report for a specific group of master risks, from the Master Risks page:
- Click Show Filters.
- Select the relevant filters.
- Click Filter.
- All results will be displayed at the bottom of the screen.
- Click Excel Export to generate this report into Excel.