Create an automated factor

configure_automated_factor.md
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Create automated factors to automatically fetch data from other data sources such as tables or database views.

Before you begin

You must have the Governance, Risk, and Compliance Enterprise license.

Role required: sn_risk.admin

About this task

Automated factors help automate the risk assessment process. They don't rely on manual inputs, which helps reduce subjectivity. Responses to all automated factors are calculated automatically during the assessment.

Procedure

  1. Navigate to All > Advanced Risk Assessment > Administration > Automated Factors.

  2. Select New.

  3. On the form, fill in the fields.

Field

Description

Name

Name of the factor such as Regulatory Impact.

Factor contribution

Type of factor contribution. Choices are the following:- Qualitative: Provides a numerical score and then converts the score into a rating.

  • Quantitative: Provides the losses that can be incurred in monetary terms. The losses contribute to the annual loss expectancy (ALE).
  • Both: Assessment type is both qualitative and quantitative.

Display order

Order of questions in the assessment form. This field enables you to set a specific sequence in which the questions must appear.

Response type

Options for users to respond to the factors. Choices are the following:- Number: The factor response after automatic calculation will be a number.

  • Currency: The factor response after automatic calculation will be in currency.
  • Percentage: The factor response after automatic calculation will be a percentage.

Assessment context

Context where the assessment must be performed. Choices are the following:- Risk: Select this option to perform the assessment for an entity and for an associated risk.

  • Object: Select this option to perform an assessment on any ServiceNow record. For example, users can perform Exception Risk Assessment or Change Risk Assessment directly on an object.

State

State of the factor. This field is automatically set to Draft.

Qualitative weighting (%)

Score contribution or qualitative weight that is given to the factor. This value determines the actual contribution of this factor to the final score. This field appears only when Qualitative is selected from the Factor contribution field.

Transform qualitative score

Option to transform the overall group qualitative score based on an interval scale.For example, assume the User response field is set to Percentage. Transform the percentage value into a qualitative score: 0% to 30% is low, 30% to 60% is medium, and 60% and higher is high. In this case, the ratings 1, 2, and 3 can be assigned to low, medium, and high.

This field appears only when Qualitative is selected from theFactor contribution field.

Collect supporting data

Option for collecting supporting data. If this option is selected, the Supporting Data section appears.

Description

Brief description about the purpose of the factor and where to use the factor. This description is for the administrator to understand the factor.

Data Source

Source

Table or view that is used as the source of the factor.

Filter Criteria

Filter by entity

Option for filtering the source by the risk assessment instance entity.

Entity-mapping field

Field that refers to the Entity table. This field appears only when the Filter by entity option is selected.

Filter by risk

Option for filtering the source by the risk of the risk assessment instance.

Risk mapping field

Field that refers to the Risk table. This field appears only when the Filter by risk option is selected.

Filter by control

Option for filtering the source by the risk assessment instance control. This option applies only to the individual assessment of controls in the control assessment.

Control mapping field

Field that refers to the Control table. This field appears only when the Filter by control option is selected.

Filter by object

Option for filtering the source by the object of the risk assessment instance. This field appears only when you are performing the risk assessment on an object.

Object mapping field

Field that refers to an object in the assessment instance. This field appears only when Object is selected from the Assessment context field, and when the Filter by object option is selected.

Aggregation.

Aggregation type

Formula for aggregating the records that are selected from the table in the Source field. Choices are the following:- Sum: Sum of the aggregation column.

  • Average: Average value of the aggregation column.
  • Maximum: Maximum value of the aggregation column.
  • Minimum: Minimum value the aggregation column.
  • Count: Count of number of records of the aggregation column.
  • Count distinct: Number of unique records of the aggregation column.

Aggregation column

Column that is used for aggregation based on the table selected in the Source field.

Schedule

Frequency

Frequency of when the factor is run.

Day of the week

Day of the week when the factor is run. This field appears only when Weekly is selected from the Frequency field.

Day of month

Day of the month when the factor is run. This field appears only when Monthly is selected from the Frequency field.

Month

Month when the factor is run. This field appears only when the Frequency field has the values Quarterly, Semi-annually, or Annually.

Next run date

Date when the factor runs again. This field is automatically set based on the selections made on the form.

4. Select the Supporting Data section.
  1. For the data that you want to collect, move the corresponding fields from the Available list to the Selected list.

  2. Select Submit.

  3. Open the factor that you created.

  4. Select Publish.

Result

The factor is published and is ready for use in a Risk Assessment Methodology.

Parent Topic:Perform Advanced Risk Assessment

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