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:

In the object selector, select a project or program.
In the sidebar, hover over  Risk, and select Risk Register.
In the table, select a risk with a Type of Threat or Opportunity.
In the Pre-Response Probability column, select a probability threshold.
In the Pre-Response Schedule column, select a schedule threshold.
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.
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.

Next: Add a Risk Response Action