View source for ICI Risk Management

== Working with Risk Assessment ==

The ICI Risk Management application enables users to manage risks by creating risk assessment. Risk Assessment deals with the process of identifying and evaluating the magnitude of potential risk areas. For example, buyers can use the ICI Risk Management application &nbsp;that allows configuring a questionnaire to perform supplier risk assessment. The risk areas can be identified based on the responses received for the questionnaire as the outcome of the risk assessment process.<br/> Risk assessment workflow performed by risk assessment owners typically involves the following:

*Initiating Risk Assessment: The risk assessment owners can initiate the risk assessment workflow to identify the risks. For example, the risk assessment can be a questionnaire where the users respond to the questions by submitting it. This initiates the risk assessment in ''Draft'' state. 
*Approving Risk Assessment: Based on the complexity of risk assessment, ICI administrators can configure the rules to add approvers to the assessment team. If there are approvers added to the team, the risk assessment is sent to the approvers for approval. The risk assessment is approved automatically if no approvers are added to the team. 
*Completing Risk Assessment: The status of the risk assessment changes to ''Assessment Complete'' when the risk assessment is approved. The risk area can be identified and auto-instantiated based on the configured rules. 

<br/> Here is the Risk Assessment workflow at a glance:
<div class="image-green-border">[[File:7.12-RiskManagementWorkflow.png|720px|7.12-RiskManagementWorkflow.png]]</div>