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:

  1. On the "" Navigation Menu, expand "" Administration and click Enterprise Data.
  2. On the Enterprise Data page, expand Risks and choose Risk Scoring Matrices.
  3. 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.
  4. 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.
  5. On the Risk Scoring Matrices page, double-click in the Probability Threshold field and click "" Select.
  6. In the Select Probability Threshold dialog box, choose a probability and click OK.
  7. On the Risk Scoring Matrices page, double-click in the Schedule Impact Thresholds field and click "" Select.
  8. In the Select Schedule Impact Thresholds dialog box:
    1. Select a Schedule Impact and click Select.
    2. Select any additional impacts and click Select.
  9. On the Risk Scoring Matrices page, double-click in the Cost Impact Thresholds field and click "" Select.
  10. In the Select Cost Impact Thresholds dialog box:
    1. Select a Cost Impact and click Select.
    2. Select any additional impacts and click Select.
  11. On the Risk Scoring Matrices page, double-click in the Tolerance Threshold field and click "" Select.
  12. In the Select Tolerance Threshold dialog box, choose a tolerance and click OK.
  13. On the Risk Scoring Matrices page, double-click in the Risk Scoring Method field and select a risk scoring method from the list.
  14. In the Description detail window, type a description of the risk scoring matrix.
  15. On the Risk Scoring Matrices page, click Save.