Risk Materiality

Calculations

This is calculated using the following checks. If any of these evaluate to true then it will consider the current risk data point as material. Otherwise as long as there is a threshold value it will evaluate to false. If there is no threshold value it will evaluate as empty in the report

CODE

initial Regulatory Impact = Medium or initial Regulatory Impact = High // Material is true
initial Reputational Impact = Medium or initial Reputational Impact = High // Material is true
initial Finanical Impact * (initial likelihood / 100) >= Materiality Threshold value // Material is true
initial Finanical Impact * (initial likelihood / 100) >= Category Threshold value // Material is true

Update information

Frequency:

Queues up changes and if no more changes have happened for 15 seconds then it updates the risk materiality for all the effected objects

Update conditions:

Adding a new Materiality threshold value
Changing the Materiality threshold value
Removing a Risk Relevant object from the Repository Configuration → Risks → ICS Risks page
Adding a new data point for an ICS risk
Updating an existing ICS risk data point
Deleting an existing ICS risk data point
Adding a new threshold override for a risk category
Changing an existing threshold override
Deleting a risk category threshold override
Deleting a risk category
Changing the risk setting category single select value