Overview

Updated on 20 Mar 2025
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Risk assessment is a critical component in the management of any organization, particularly within modules that are susceptible to various forms of risk. The Risk Assessment for the Change Module involves three key aspects: Business Risk Value Mapping, Operational Risk Value Mapping, and Overall Risk Value Mapping. Each of these components plays a vital role in ensuring comprehensive risk evaluation and mitigation strategies.

Benefits

Calculating risk for a change record is essential for several reasons, all of which contribute to ensuring that changes are implemented smoothly and with minimal negative impact. Here’s why risk calculation is critical in change management:

Use Case

User Persona: Application Administrator

Solution

NovaTech’s IT team proposes an update to the ERP system to deploy new features and address security vulnerabilities. They must ensure the change is implemented smoothly with minimal risk to business operations and IT infrastructure.

To ensure that the Risk Tab on the Change Record is configured with Business and Operational Risk which calculates the Overall Risk.

A scale range must be defined in the Risk Assessment. Hence Sandra the App Admin configures Business Risk Value Mapping, Operational Risk Value Mapping and Overall Risk Value Mapping in the Risk Assessment. She configures the Scales with the values defined in the Table:

Business / Operational Risk	From Scale	To Scale
Low	1	3
Med	4	7
High	8	10

Business Risk	Operational Risk	Risk
Low	Low	Low
High	Medium	Medium
High	High	High
Medium	Medium	Medium

To configure Risk Assessment, refer the following:


Business Risk Value Mapping	Operational Risk Value Mapping	Overall Risk Value Mapping

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Business Risk Value Mapping

Table of contents

Benefits