Learning objectives

• Interpret covenant compliance statuses.
• Investigate warning and breach alerts.
• Record follow-up actions for risk control.

Prerequisites

• Completion of Module 01.
• Access to covenant dashboard.

Concepts (with examples)

Compliance status interpretation

Example: Warning status means value is close to threshold and needs proactive follow-up.

Alert triage

Example: Sort alerts by severity and upcoming test date.

Evidence-linked review

Example: Open covenant details and verify latest value source.

Walkthrough (step-by-step with expected outcomes)

1. Open Covenant Monitoring dashboard. Expected outcome: Status summary and covenant list appear.
2. Filter by warning and breach. Expected outcome: High-risk items are isolated.
3. Open one covenant detail. Expected outcome: Threshold, current value, and next date are visible.
4. Log a follow-up action. Expected outcome: Action history reflects owner and due date.

Practice exercise

Identify one warning covenant, verify data quality, and draft a follow-up note.

Knowledge check questions

1. What does Unknown status indicate?
2. What action should follow a breach alert?
3. Why track follow-up ownership?

Next module

Continue to: Module 05: Document Q&A