Purpose: The purpose of the Control Coverage Map is to provide an overview of uncovered risks, residual risks and potential cost of the risk occurring.
Core concerns: The Control Coverage Map concerns itself with Financial Risk Management and is created using the Actions tabs in QLM. It can be created based on the information in a Risk Heatmap or by using information from a diagram which contains risks that also have control actions.
Below, you can see an example of a Control Coverage map for four risks related to a Bellhouse, a Pump, a Suction pipe and using Check lists:
The Blue column represents the likelihood of the risk before the control action, the green column represents the likelihood of the risk after the implementation of a control action. The red columns represent the estimated cost if the risk is realized.
Relation to other templates: The Control Coverage Map presents graphical views of information from other diagrams the same as the Heatmap, Business Charts and the Graphical Matrix. It can be used by any diagram containing Activities with attached risks that have control activities.
Properties and metadata: The Control Coverage Map can for example retain the following information:
- A description
- Link to the owner
- Link to the one responsible
- Graphical specification for the headers of the X-axis and Y-axis
- Audits (auto generated information regarding its current state and access rights)
- Associated documents, diagrams and other objects
- Inherent Risk detailing risk considerations
- Governance information detailing information about the published diagram and who has been involved in the approval of the Control Coverage Map
The above picture shows the properties dialogue window for the Control Coverage Map template where you can view and edit the template’s properties in QualiWare Lifecycle Manager.