Risk Management Overview
Gover provides comprehensive risk management capabilities to identify, assess, and treat organizational risks.
What is Risk Management?
Risk management is the process of:
- Identifying potential threats and vulnerabilities
- Assessing their likelihood and impact
- Treating risks through controls and other measures
- Monitoring risk levels over time
Risk Management in Gover
Risk Register
Central repository of all identified risks with:
- Risk descriptions
- Categories and tags
- Ownership
- Treatment status
Risk Assessments
Evaluate risks using:
- Customizable scoring fields
- Impact and likelihood ratings
- Calculated risk scores
- Risk level mappings
Risk Treatment
Address risks through:
- Mitigation (implement controls)
- Acceptance (acknowledge and monitor)
- Transfer (insurance, outsourcing)
- Avoidance (eliminate the risk source)
Key Concepts
| Concept | Description |
|---|---|
| Inherent Risk | Risk level before any controls |
| Residual Risk | Risk level after controls are applied |
| Risk Appetite | Level of risk the organization accepts |
| Risk Score | Calculated value based on assessment fields |
| Risk Level | Category (Critical, High, Medium, Low) |
Risk Views
List View
All risks in a filterable, sortable table.
Heatmap
Visual representation of risks by impact and likelihood.
Overview Dashboard
Summary metrics and trends.
Risk Workflow
Next Steps
- Risk Register — Managing your risks
- Risk Assessments — Evaluating risks
- Risk Treatment — Addressing risks
- Heatmap — Visualizing risks