("Datamaran for Executive" is required to use this function)
The complete sum total of external risk represented in your "Risk analysis" is like a snapshot where you can see risks change overtime. If there are risks that have a likelihood to increase, Datamaran will automatically highlight those for you.
To get started with this monitoring, log into the Executive Dashboard and navigate to the Monitoring tab. If you haven't generated a new version of your analysis in a while, we recommend doing this first by clicking the Generate New Version link - this process enables monitoring and should be followed at least quarterly to keep a fresh pulse.
The Monitored analysis is summarized in a chart showing the Y-axis, in a list of risks, and in the X-axis, the likelihood score (calculated according to their prevalence across all analyzed sources).
A monitored analysis offers you two viewing options:
- Highlighted Risks: Datamaran recommended option highlights the risks that present a statistically significant likelihood of increase. This is automatically determined by comparing all risks and looking for risks whose likelihood increase is above the average. Select an increased risk to see more details on the sources driving the change. Of note, you might not see significant changes in likelihood during stable periods and the number of risks highlighted can vary.
- All Risks: The risks are ranked on the Y-axis based on their new rank position, whether they have increased, decreased or remained stable over the selected period.