Risk Management Kpi Dashboard Showing Cost Of Control And Risk Score

Description:

The image contains multiple visual elements that form a comprehensive Risk Management KPI (Key Performance Indicator) Dashboard with a focus on displaying the costs associated with various risk controls.

1. Risk Heat Map: 

A grid that plots 'Impact' against 'Likelihood', showing relative risk levels using color codes (green for low risk, yellow for medium risk, orange for high risk, and gray for no data). Each cell within the grid contains a number corresponding to specific risks.

2. Annualized Cost of Controls: 

A bar graph indicates the monetary amount (in millions of dollars) spent on various risk control measures, such as anti-malware solutions, advertising budgets, financial compensation, insurance policies, and more.

3. Risk Score-Current: 

Represented by a speedometer-style gauge showing the organization's overall current risk level at 85%, categorized as 'high'.

4. Risk Compared to Cost of Controls: 

A dual-axis chart comparing the average current risk score (line) with the annualized cost (bar) for various risk controls, suggesting the cost-effectiveness or ROI of these controls.

5. GRC-Risk History: 

A chart tracking the history of Governance, Risk Management, and Compliance (GRC) over time, plotting three unidentified variables through a line graph.

A note in the bottom right corner indicates that the data in the charts/graphs is linked to an Excel spreadsheet and can be updated by clicking on the chart and selecting "Edit Data."

Use Cases:

This dashboard-style can be applied in a variety of industries, providing strategic insight for decision-makers:

1. Finance:

Use: Tracking financial risks and the cost-effectiveness of mitigation strategies.

Presenter: Chief Financial Officer or Risk Manager.

Audience: Board members, investors, financial analysts.

2. Information Technology:

Use: Monitoring cybersecurity risks and investments in IT security measures.

Presenter: Chief Information Security Officer.

Audience: IT management team, stakeholders, cybersecurity personnel.

3. Healthcare:

Use: Managing patient safety risks and associated control costs.

Presenter: Head of Risk Management.

Audience: Hospital administration, healthcare providers, compliance officers.

4. Insurance:

Use: Analyzing risks and operational control costs for underwriting and claims management.

Presenter: Actuary or Risk Analyst.

Audience: Underwriters, claims adjustors, insurance executives.

5. Manufacturing:

Use: Assessing the impact of supply chain disruptions and quality control risks against their mitigation costs.

Presenter: Operations Manager.

Audience: Production managers, quality assurance teams, supply chain partners.

6. Energy:

Use: Evaluating infrastructure risks and regulatory compliance costs.

Presenter: Energy Risk Management Specialist.

Audience: Regulators, environment, health and safety officers, operations staff.

7. Retail:

Use: Understanding customer data breaches risks and loss prevention expenses.

Presenter: Chief Risk Officer.

Audience: Retail executives, data protection teams, store managers.