Current vs target assessments
Risk Companion tracks two assessment states for every risk so you can measure where you are against where you want to be. The gap between them drives your progress metrics.
Two assessment types
Open any risk and navigate to the Assessment tab. You will see four tabs: Current, Target, Gap Analysis, and History.
Current (as-is)
Reflects the present state of the risk with existing measures in place. Update this assessment whenever conditions change or new information surfaces.
Target (to-be)
Represents the desired future state after planned mitigations are complete. Set targets based on realistic outcomes from your mitigation actions.
Gap analysis
Risk Companion calculates progress automatically using the Initial, Current, and Target assessments. The formula measures how far you have moved from the initial state toward the target.
Progress formula
Progress = (Initial - Current) / (Initial - Target) x 100%
Worked example
Initial EMV
$300,000
Current EMV
$210,000
Target EMV
$37,500
Progress: ($300,000 - $210,000) / ($300,000 - $37,500) x 100% = 34.3%
A progress value above 100% means you have exceeded your target. A negative value means the risk has worsened since the initial assessment.
Tracking progress over time
Every time you save a new current assessment, Risk Companion stores it in the History tab. This creates a timestamped audit trail that shows how the risk has evolved.
Example assessment history
| Date | Probability | Financial | EMV | Notes |
|---|---|---|---|---|
| Jan 15 | 75% | $400,000 | $300,000 | Initial assessment |
| Mar 1 | 65% | $380,000 | $247,000 | After vendor audit |
| May 15 | 60% | $350,000 | $210,000 | New measures in place |
| Aug 1 | 40% | $200,000 | $80,000 | Mitigation complete |
Result: EMV reduced by $220,000 (73%) over 7 months through systematic mitigation.
Every assessment is timestamped and attributed for compliance and governance.
View how risk scores, EMV, and other metrics have changed over time through interactive charts.
Monitor movement toward target assessments and demonstrate ROI on mitigation investments.
See also
- Status & effectiveness — measure progress drives the gap between current and target
- Dashboard types — track current-vs-target trends on the Project dashboard