Learn about risk management in 6clicks
Table of contents:
Introduction
You can find risks in 6clicks in many places, but they are centrally managed in the Risks module.
The Risks module includes Registers, Reviews, Libraries, and Workflow.
The 6clicks Risk Registers is designed to support the full lifecycle of risk management, from assessing risks to treating them.
6clicks also allows teams to identify and assess risks to gather an in-depth risk profile of the organisation, team or department. Risk identification can be done using the out-of-the-box 6clicks risk libraries which contain hundreds of risks across over forty risk domains (please contact support if you are after these libraries), or create your own risk libraries. Once identified, risks can be added to the registers directly or via the risk review process.
6clicks allows for flexibility in your risk management. This means that risks can also be attested to, linked or automated in QBAs or RBAs, reported on, measured using metrics, and more.
Registers
The 6clicks Risk Registers allows you to manage the full lifecycle of risk. The risk register stores risks that have been identified from risk libraries, created on an ad-hoc basis, imported to the register, or created via assessments and assessment reviews.
The registers are highly customizable, and so are their risks and risk assessments.
Risk can be linked to your internal policies and external standards, laws, and regulations. You can create these linkages manually, or by reviewing or responding to assessments.
Learn how to link risks to policies or standards by reviewing Question-Based Assessments (QBAs), or by responding to Requirement-Based Assessments (RBAs).
Treatment plans can be created and linked to risks for remediation management. These treatment plans can be linked to policies or standards to further illustrate their necessity.
To learn how to create risks in the Risk Registers so you can start managing them, head here.
Libraries
The 6clicks Risk Libraries includes hundreds of risk templates covering over 40 risk domains. The risk library stores risks that may have a potential impact on the organization. Select the relevant risks from the risk libraries to add to your register. You can also create your own risk libraries.
Workflow
You can use risk workflow to manage a risk over its lifecycle to ensure effective management. Allow/disallow editing of certain fields, mandate fields to be completed, customize workflow stages and more with workflow.
Risk reporting
6clicks offers various risk reporting capabilities, including the below and more.
This is an example of a populated Risk Matrix.
You can create multiple matrices to visualize different aspects of your risks, or customize your matrix to suit the needs of your organization. Head here to learn more.