In Oracle Risk Management, when you want to identify Controls with the most Incidents, particularly where those Controls account for a significant percentage (like 80%) of all Incidents, you would apply the Pareto principle. This principle is also known as the 80/20 rule, where roughly 80% of the effects come from 20% of the causes. In this context, after importing a custom object that contains the number of incidents associated with each control into a transaction model, you would use the Pareto pattern filter. This filter will help you identify the subset of Controls that are contributing to the majority of Incidents, allowing you to focus on the most critical areas that need attention.

References:

• Oracle Advanced Controls Cloud Service documentation1.
• Overview of Oracle Advanced Controls2.

• On the Manage Issues page within Oracle Risk Management, users have the ability to link various related objects to an issue.
• The objects that can be associated with an issue include Assessments, Risks, and Controls.
• This association is crucial for maintaining a comprehensive view of the risk landscape and ensuring that all relevant factors are considered during the issue management process.

References:The information is based on the Oracle Risk Management Cloud documentation which details enhancements to reporting issues, remediation plans, and related objects1. Additionally, discussions on the Oracle community forums confirm that related objects such as processes can be viewed but are not directly related on the Risk Definition Page, indicating that the primary related objects are indeed Assessments, Risks, and Controls2.

To associate a risk to a control within Oracle Risk Management, you would use the control definition. Specifically, you would navigate to the Related Objects tab within the control definition and add the risk there. This process links the risk directly to the control, allowing for a clear association between the two within the system.

References:The Oracle Cloud Risk Management and Compliance documentation provides insights into how risks and controls are managed within the system, including the association of risks to controls1. Additionally, the Implementing Risk Management guide from Oracle’s official documentation outlines the steps and considerations for setting up and managing risks and controls, which includes associating risks to controls2.