7/29/2019 06. Example Individual Risk Dashboard
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XYZ Institution
Individual risk dashboard
Quarter ended: 30 June 2010
Individual risk dashboard
Description of risk
Risk owner
Background to risk
Insignificant Minor Moderate Major Critical
Impact X
Rare Unlikely Moderate Likely Common
Likelihood X
Minimum Low Medium High Maximum
Inherent risk exposure X
Very good Good Satisfactory Weak Unsatisfactory
Control effectiveness X
Minimum Low Medium High Maximum
Residual risk exposure X
Date of
assuran
31/03/2008
31/03/2008
31/03/2008
31/03/2008
31/03/2008
Timeline a
01 Septem
Links to
- Strategic objectives
- Risk Categories
How to use:
1.) Copy the information of the identified risk, from the risk
register, into the individual risk dashboard. This would entail
completing all fields as indic
2). Complete the date of last assurance and enure that it is
aligned to the assuranc plan of the institution.
3.) Develop a specific key risk indicator to identify
trends/movements of the indetified risk. This will ensure that
suprises etc. are eliminated timeousl
same intervals as the risk reporting frequency of the
institution.
4.) All fields must be updated on an ongoing basis as required
by the risk reporting process of the institution.
Monthly variance reporting
Cash flow projections Chief Financial Officer
Chief Financial Officer
Actions to improve controls Actions owner
Implement a follow up process for any under spending and report
on the reasons for under spending Chief Financial Officer
Implemented performance management system Chief Financial
Officer
Underspending of the budget
Chief Financial Officer
Currently 50% of budget spent
Wil l lead to future external under funding
History of under spending
Control ownerCurrent key controls
Monthly management meetings Chief Financial Officer
Approved CAPEX and operational budgets Chief Financial
Officer
1
Financial stability
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