This project will result in the generation of a cloud based Test environment that can be utilised for internal development, regarding the usage of the system, and for training purposes 

Improved application functionality for both Strategic risk reporting and risk users. The upgrade will provide these improved features to 4Risk V2:

• An additional hierarchy tier to increase risk ownership management from two tiers (Strategic and Operational) to three tiers (Strategic, Operational and Departmental)
• Multiple Matrices

• Multi Register with separate permissions, risk templates, and scoring

• More flexible risk, control, action and assurance templates with customisable fields and analysis codes

• Risk appetite, tolerance, velocity and recovery

• Optional setup to separate causes and effects, and associate controls and actions to them

• Controls can be linked to multiple risks

• Weighting of assurances and controls

• Calculated score based on control effectiveness

• Enhanced report builder

• More summary reporting

• Flexibility to create multiple actions or control paths

• Optional 2 level risk review

• Defined Assurance Periods