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Managed centrally, the Designer
Tool is used to capture the organisation's unique risk framework.
The framework is built upon a hierarchy
of risk areas/categories, risks and controls. Building the framework
centrally ensures there is consistency in risk terminology, classification
and scoring across the business.
Model details, such as terminology,
field descriptions, classification categories, etc., can be controlled
from the Designer Tool. Additional information fields can also be
defined in the Designer Tool to enable organisations to capture
information specific to its business lines.
No assessment is undertaken in
the Designer Tool.
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