What happens when you assign an Entity Type to a Risk Statement?

When an Entity Type is assigned to a Risk Statement, it triggers the creation of a risk for each listed Entity within that Entity Type. This process is important as it allows for the specific risks associated with different entities to be identified and managed appropriately. The system recognizes the relationship between the risk statement and the entities, enabling more tailored risk mitigation strategies and clearer visibility into the overall risk landscape.

Assigning an Entity Type essentially ensures that risks are contextualized for those specific entities, facilitating targeted monitoring and response. This enhances the overall risk management process by making it clearer which entities are associated with which risks and thereby allows for better resource allocation to address these risks.

While options associated with assessments may imply a review process, the main action occurring upon assignment is the generation of risks corresponding directly to the entities involved, highlighting the importance of this assignment in risk management within the ServiceNow environment.