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Managing identified risks

How to manage identified risks in Falcony Risk

Aki Laakkonen avatar
Written by Aki Laakkonen
Updated over a year ago

Risk management measures

Risks can be reduced with many different measures. The more critical the risk, the more immediate the actions. Falcony suggests a recommended risk management method depending on the magnitude of the risks:

In the further processing of each risk, there is a multiple-choice question to categorize the risk management actions and define the measures:

At the point when the measures have been determined, the actions taken and implemented can be recorded in several ways:

  1. In simple cases, the actions taken can be recorded in their own field:

  1. If the risk requires several different actions that are assigned to different parties, you can record separate measures in the "linked observations" section and assign them separately to the right parties.

  1. With multi-faceted risks that require ideation, you can have a discussion about them with the chat function linked to each risk.

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