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How to Create and Complete a Risk Assessment in Essential ERM

Admins and Power Users can launch Risk Assessments to guide users through reviewing and updating specific assigned risks.

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Written by Nigel Groen
Updated over 2 weeks ago

What Is a Risk Assessment?

A Risk Assessment in Essential ERM is a structured workflow where a single assigned user reviews and updates the details of specific risks. It differs from Risk Voting, where multiple contributors give input without changing the actual risk data.

You can include:

  • A single risk

  • A selected group of risks

  • All risks in the system

Only one active assessment can contain a given risk at a time, but multiple assessments can run concurrently.

Part A: Administrator View — Creating and Managing Assessments

Only Admins and Power Users can create assessments.

Step 1: Activate the Feature (Admins Only)

  • Go to Admin → General Settings

  • Enable the “Risk Assessment” feature

  • If you don’t see this option, your subscription may not include it. Contact Tracker Support.

Step 2: Create a New Assessment

  • Navigate to Enterprise Risk Console

  • Click the green “Create Risk Assessment” button (top right)

Step 3: Configure the Assessment

  • Optionally name the assessment (e.g., “Q2 Assessment”)

  • Use filters if needed, then select one or more risks to assess

  • Click “Create Assessment”

Step 4: Assign Assessors

  • On the Assessment Details screen:

    • View selected risks

    • See who assessed each risk last time (pre-filled)

    • Change the assessor using the dropdown

    • Only Standard and Admin users can be assigned

You can still add/remove risks or change assessors while the assessment is active.

Step 5: Set Instructions and Deadline

  • Add custom instructions if needed

  • Set an end date, or leave blank (default: 2 weeks)

Step 6: Launch the Assessment

  • Click “Start and Send”

  • Each assigned user will receive one email with a link to their assessment

Step 7: Monitor and Remind

  • Return to the Assessment Console via Risks → Assessments

  • View completion status per user

  • Use the “Remind” column to send reminders

  • You can still edit risks or assessors while the assessment is open

Once an assessment ends, changes cannot be made—except renaming the assessment.

Part B: User View — Responding to an Assessment

Step 1: Access the Assessment

  • The assigned user receives an email with a direct link

  • They will be taken straight to the My Risk Assessments screen upon login

  • Otherwise, users can navigate to the My Risk Assessments and the Assessments page under the Risks bar.

Step 2: Review Assigned Risks

  • The screen shows all risks assigned to the user

  • Click the orange “Incomplete” button or the risk name to begin

Step 3: Complete the Assessment

  • Review and update the Risk Details screen as needed

  • Click “Mark Assessed” (only visible to assigned assessor during active window)

  • Confirm attestation and select “Complete Assessment”

Repeat this for all assigned risks until the worklist shows 100% complete

Step 4: Revisit or Reassess (Optional)

  • As long as the assessment is open, users can return and make further updates

  • Once closed, the “Mark Assessed” button disappears

Notes:

  • Only the assigned user can assess a given risk

  • Once assessed, the name, date, and time of assessment appear in the top-right of the risk detail screen

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