a. Risk Appetite Background
A Risk Appetite Statement describes the amount and type of risk an organization is willing to take in pursuit of its objectives.
These are typically expressed in terms of Residual Risk and may be qualitative, quantitative, or both.
Setting Risk Appetite thresholds helps with:
Building consensus among stakeholders
Establishing business monitoring and governance processes
Organizations often start with a general statement and refine it by risk category.
b. Editing Risk Appetite Text
Admin Users can click directly on text to edit
Each field accepts up to 1,000 characters
Only the first 250 characters show in category columns (full text appears on hover)
Standard and Read Only Users can view only
c. Setting Risk Appetite Thresholds
Admins can click the “Set Risk Threshold” link at the bottom of the console
Set upper and lower Residual Risk thresholds by category
Thresholds:
Apply to all portfolios
Are saved immediately
Update both this chart and the Risk Details screen
Thresholds can be configured only at the category level (not subcategories).
d. Category Columns & Status Indicators
Each category column shows:
Gray circles for risks, plotted by Residual Risk score (1–25)
Blue bars showing the upper and lower thresholds
A status label at the top of the column
Status meanings:
Above (red): At least one risk is above the upper threshold
Within (green): All risks fall within the thresholds
Below (blue): At least one risk is below the lower threshold and none are above
No data (gray): No risks are mapped or scored in that category
Users can hover over a circle to see the risk name or click to open its Risk Details screen.
Up to 8 risks per score are shown per row. If more exist, a “See All” link appears to open a filtered view in the Enterprise Risk Console.
e. Using Risk Appetite Filters
All user types can use filters in the Risk Appetite Console.
Empty categories: Unchecking the box removes categories with no risks
Top risks only: By default, the top 50 risks by rank are shown
Show all risks: Use the dropdown to display all risks if desired
Suppressed risks: Optional filter to display risks with thresholds manually suppressed
Suppressed risks appear as pink circles
Filter by Owner or Business Area: Shows only risks assigned to that person or tag
Filter by Portfolio: Available only if the Portfolio feature is enabled
Admins see all portfolios
Standard and Read Only Users see only what they’re assigned
Date selector: Shows risks and scores based on a past date
Click Clear to return to today’s data
Categories with more than 6 entries can be scrolled horizontally using arrows.
f. Creating Screen Prints of the Console
Essential ERM does not currently support built-in printing of this chart
Users often use:
Snipping Tool (included in most Windows systems) to create PNG images
Approved Chrome extensions (with IT permission) to take full-page screenshots in PNG or PDF
Tracker Networks does not endorse or support third-party extensions, so consult your IT department before installing anything
Applies to: Admin Users, Standard Users, Read Only Users
Keywords: risk appetite, residual risk, thresholds, category status, risk chart, appetite console, filters, screen capture, risk statements