A risk portfolio is a strong communication tool. When the risks and management actions are systematically managed as a portfolio, the implementation of different perspectives is effortless. Reports and views can visualize the content of the portfolio at the level of the entire organization or in detail, breaking down, for example, to one operational unit.
Portfolio reports may be graphical or data that the organization analyses and further enriches in other systems.
The reports serve different user groups, but especially those who are responsible for risk management and the organization’s management.
Possible management reports include, for example, the following:
- A risk map that visualizes the criticality and impact of risks.
- A diagram of dependencies between risks. It facilitates risk management since changes in one risk may influence others.
- The development of the content of the risk portfolio and risk points over time indicates, among other things, the success of risk management.
- Risk distribution by category.
- Allocating risks to different parts and functions of the organization.
- If the risks have been assigned a cost effect, its size and development can be visualized.
From the risk reports, it is possible to create dashboard views, from which you can see essential information of interest to management at a glance.
