Creating Risk Scoring Matrices

Create a risk scoring matrix to perform qualitative analysis on project risks. Project risk is assessed based on the thresholds defined in the risk scoring matrix.

Before creating a risk scoring matrix, you need to first define risk thresholds.

To create a risk scoring matrix:

Click Administration.
On the Administration navigation bar, click Enterprise Data.
On the Enterprise Data page, expand Risks and choose Risk Scoring Matrices.
On the Risk Scoring Matrices page:
1. Click Add.
2. In the Name field, click and type a unique name.
3. In the Matrix Size field, double-click and click Select.
In the Select Matrix Size dialog box:
1. Choose a threshold level for the Probability Threshold Level and Impact Threshold Level fields.
  Note: You must have already defined thresholds with the number of levels you are assigning to the matrix. If you do not have a threshold with the same number of levels, you will be able to select the matrix size, but you will not be able to add a threshold.
2. Click Select.
On the Risk Scoring Matrices page, double-click in the Probability Threshold field and click Select.
In the Select Probability Threshold dialog box, choose a probability and click OK.
On the Risk Scoring Matrices page, double-click in the Schedule Impact Thresholds field and click Select.
In the Select Schedule Impact Thresholds dialog box:
1. Select a Schedule Impact and click Select.
2. Select any additional impacts and click Select.
On the Risk Scoring Matrices page, double-click in the Cost Impact Thresholds field and click Select.
In the Select Cost Impact Thresholds dialog box:
1. Select a Cost Impact and click Select.
2. Select any additional impacts and click Select.
On the Risk Scoring Matrices page, double-click in the Tolerance Threshold field and click Select.
In the Select Tolerance Threshold dialog box, choose a tolerance and click OK.
On the Risk Scoring Matrices page, double-click in the Risk Scoring Method field and select a risk scoring method from the list.
In the Description detail window, type a description of the risk scoring matrix.
On the Risk Scoring Matrices page, click Save.

Creating Risk Scoring Matrices

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