Assess the risk using an approved method

Continue the Acme case

Use the accepted supplier-dependency risk, the $6,000 order and $9,000 project. Acme's owner estimates a plausible delay and its effect on delivery cost. An estimate must stay distinct from an observed loss or an accounting journal.

Role and prerequisites

Head of Risk prepares and approves the supported assessment method through its required independent route. The risk owner enters measured or justified values; the expert and assigned reviewers assess the submission. A method in draft cannot stand in for an approved method.

Assess and review

1. Configure the permitted method inputs, scales, aggregation and interpretation. For training, document a three-level likelihood and impact scheme where supported; do not assume a score equals likelihood multiplied by impact unless that is the approved calculation.
2. Select that approved method for Acme's risk. Attach supplier lead-time evidence and the cost explanation. State the assessment date, horizon and the limitations of the estimate.
3. Enter the method's required values. Separate an inherent view from the residual view after existing controls. Do not claim the residual impact is zero merely because a purchase was approved.
4. Submit the assessment. The risk expert checks source quality and consistency; assigned independent reviewers decide the pinned result. Resolve a return by correcting the same assessment and retaining earlier evidence.
5. Reopen the risk's current assessment and history. Confirm that the current view changed only after the required decision; a forecast or pending proposal is not an approved assessment.

Verify the saved result

The accepted assessment retains method revision, inputs, calculation, evidence and independent decisions. Missing method options block preparation with a concrete prerequisite. Changing a parent selection requires clearing incompatible dependent choices; a retry must not add another approved revision.

Continue to response and verified action. The illustration's financial amounts remain business context; no unsupported automatic conversion into a risk rating or EVA is claimed.