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:
The Risk Analysis Header Information Source facilitates to analyze data for various business processes and mitigate the risks.
Zoom in: Available for all measure items.
Online, Data Mart.
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.
Zoom in: Available for all measure items.
Drill down: Available for the Mitigation Cost. Drills down to Risk Responses and Actions information source. (Mitigation Cost)
Online, Data Mart.
The Risk Responses and Actions Information Source facilitates the use of information related to possible responses and the action plans crafted to mitigate the expected Risk Consequences in Business Analytics Reports to manage and monitor the risk mitigation process. This information source can generate a complete risk analysis report with mitigation action plans and the assignees and is more inclined towards the qualitative data rather than the quantitative measure data which is usually used in BA information sources.
Zoom in: Available for all measure items.
Online, Data Mart.