To work on the Threats individually you need to select the ‘Asset name’ column and drag it to the grouping area. By doing so you will now get the option to work on the Asset Level (image 15.5). In the Asset level you are able to set the control status for individual Assets Threats, delete controls that are not relevant to the asset, set justification for the status and set the date for future controls. This is a fundamental function that you can only access by grouping assets to the Asset level. To be able to set the status for all assets that a single control applies to you need to go to the Controls tab in the top menu (image 15.6). The only adjustment the assessor can make if he does not access the Asset level is to go through each Risk and decide what action to take. This is done by assigning a state of Transfer Risk, Avoid Risk, Accept Risk or Reduce Risk in the Manage Risk drop down box in the Treatment Tab. If the assessor chooses to accept the risk, this means that no action was determined necessary. There could be several reasons that no action is thought necessary, one of which might be that the value of the Asset is too low to justify any action. This requires the formal approval from Management. It is also possible to transfer risks to a third party – an example would be when responsibility is forwarded to an insurance company. A third option would be to avoid risk – an example would be to move operations to another location, e.g. in the event of risks due to earthquakes. A fourth option is to Reduce the risk by implementing controls. Justifications should always be made for decisions below the Manage Risk drop down box (image 15.7). This is done to keep record for later parties why the decision was made. 9.1.3.Asset Level