Significance Models

A significance model expresses the importance of a given risk in comparison with other risks.

To do this, it establishes ranges of risk ratings and associates each with a label. During evaluation, a context model assigns an overall risk rating, and the significance model returns the label associated with the range that includes that risk rating.

To create or edit a significance model is to:

• Create labels that describe significance, such as Minor or Major.
• Create ranges of risk ratings, and correlate the labels to them. The ranges you create must include all values from 1 to 100, with no gaps or overlaps. The higher the number, the greater the significance.