Overview of the Process Object

The Process object is the focus of governance, risk, and compliance efforts. The Risk object relates directly, and Control indirectly, to Process. It represents business processes; users identify risks that affect processes and create controls to address those risks.

As you work with processes, you can create action items for them. An action item is a task you decide to document. Unlike an issue, it's not necessarily a defect. For example, you may have defined a process for year-end closing. You might require an action item to verify that certain tax documents are included in the year-end reporting.

To begin working with processes, select Risk Management > Processes. Then select a tab:

• Worklists displays your process-related worklist assignments.
• Processes opens a page listing the processes you're authorized for. In that list, click the name of a process to open its record. An individual process record includes tabs to view its definition, its action items, assessments of it, issues raised against it, and related advanced controls.
• Assessments opens a page listing process assessments for you to complete, review, or approve.