IFS Risk Management Information Sources

IFS Risk Management Information Sources in IFS Business Analytics is designed to use the Risk Analysis data in Business Analytics Reports.

Risk Management is an information management module for further reference in decision making. The information is organized according to a clearly defined hierarchy. The risk hierarchy is as below:

1. Risk Analysis Header
2. Potential Problems considered in the Risk Analysis
3. Consequences of each problem (the consequences are valuated according to the probability of occurrence and possible impact upon occurring)
4. Possible Responses to Consequences
5. Actions related to each Response

An overview of each information source mainly based on IFS/Risk Management is given below:

Risk Analysis Header

General Description

The Risk Analysis Header Information Source facilitates to analyze data for various business processes and mitigate the risks.

Reports/Analysis

Main Features

Zoom in: Available for all measure items.

Access Types

Online, Data Mart.

Risk Consequence

General Description

The Risk Consequence Information Source is developed to retrieve the data related to the Risk Consequence for further analysis and decision making. Risk Consequences are the most important to use in analysis in respect of the probable costs and impacts those can yield.

Reports/Analysis

Main Features

Zoom in: Available for all measure items.

Drill down: Available for the Mitigation Cost. Drills down to Risk Response information source. (Mitigation Cost)
 

Access Types

Online, Data Mart.

Risk Response

General Description           

The Risk Responses Information Source facilitates the use of information related to possible responses and crafted to mitigate the expected Risk Consequences in Business Analytics Reports to manage and monitor the risk mitigation process.


Reports/Analysis

Main Features

Zoom in: Available for all measure items.

Access Types

Online, Data Mart.

Risk Action

General Description

The Action Information Source facilitates the use of information related to the action plans .This information source can generate action plans and the assignees.
 

Reports/Analysis

Access Types

Online, Data Mart.