Assign Probability and Impact Values to a Risk

Video

The probability, schedule impact, and cost impact values entered for each risk are used to calculate the risk score. Choose from a selection of threshold values determined by the assigned risk matrix. Use the risk register to define risk values for pre-response and post-response contexts.

To assign probability and impact values to a risk:

1. In the object selector, select Project or Program, and then select a project or a program from the list.
2. From the Main Menu, select Risk, and then select Risk Register.
3. In the table, select a risk with a Type of Threat or Opportunity.
4. In the Pre-Response Probability column, select a probability threshold.
5. In the Pre-Response Schedule column, select a schedule threshold.
6. In the Pre-Response Cost column, select a cost threshold.

   Note: Add Post-Response Probability, Post-Response Schedule, and Post-Response Cost columns to assign post-response values to risks.

7. Select Save.

Tips

• Select Threshold Colors to enable threshold level colors in the probability and impact cells.
• You can use the Probability, Schedule Impact, and Cost Impact detail windows to manually override the pre-response and post-response threshold values supplied by the assigned risk matrix.
• You can modify separate probability and impact fields for program risks and project risks on the program Risk Register page. Program-level probability, impact, and score values are automatically applied to all project risks on the program Risk Register page for the purpose of comparing all risks using a consistent scale.
• You cannot assign probability or impact values to risks with a Type of Weather.