Inherent Risk Questions (IRQ) are a specialized question type available in Panorays questionnaires, designed for both internal and external assessments. IRQs allow you to map responses to Business Impact and Relationships, helping you better understand and quantify inherent risk based on how a question is answered.
🔍How to enable an IRQ question
You can convert an existing question into an IRQ directly from the Questionnaire Editor:
Locate the question you want to convert
Toggle the IRQ switch to On
For each answer option, use the dropdown menus to assign:
Business Impact (Minimal, Minor, Moderate, Significant, Severe)
Relationship
💡Note: At least one answer option must include a Business Impact or Relationship selection for the question to be saved as an IRQ.
Key features of IRQ questions
Map specific responses to defined Business Impact and supplier relationships
Gain deeper insight into how individual answers affect overall risk.
⚙️Additional settings
IRQ questions support the same advanced settings as standard questions, including:
Question scoring
Additional information fields
Question weight
Compatibility
Supported in internal and external questionnaires
SIG questions cannot be converted to IRQs
Supported question types
IRQ questions are supported for the following question types:
Single-select
Yes / No
How Business Impact and Relationships are calculated
Business Impact
Available categories: Minimal, Minor, Moderate, Significant, Severe
Business Impact is updated only if the response increases the risk level
If the selected response decreases or maintains the current level, the questionnaire summary will recommend aligning to the new Business Impact
When multiple IRQ questions are used, the highest-risk response determines the final Business Impact
Relationships
If a response includes a Relationship that is not currently associated with the supplier, it will be automatically added to the supplier’s relationship list