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 the
Projects menu and select Enterprise Project Data, or click the Administer menu and select Enterprise Data. - In the Enterprise Data pane, expand Risks and choose Risk Scoring Matrices.
- On the Risk Scoring Matrices page:
- Click
Add (Insert). - In the Name field, click and type a unique name.
- In the Matrix Size field, double-click and click
.
- In the Select Matrix Size dialog box:
- Choose a threshold level for the Probability and Impact fields.
Note: You must have already defined thresholds with the number of levels you are assigning to the matrix (see Creating Risk Thresholds). 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.
- Click OK.
- On the Risk Scoring Matrices page, double-click in the Probability Threshold field and click
. - In the Select Probability Threshold dialog box, choose a probability and click OK.
- On the Risk Scoring Matrices page, double-click in the Impact Thresholds field and click
. - In the Select Impact Thresholds dialog box:
- Select a Cost Impact and click Assign.
- Select a Schedule Impact and click Assign.
- Select any additional impacts and click Assign.
- Click Close.
- On the Risk Scoring Matrices page, double-click in the Tolerance Threshold field and click
. - 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. For a detailed description of each method, see Risk Scoring Method Description.
- In the Description detail window, type a description of the risk scoring matrix.
- On the Risk Scoring Matrices page, click
Save (Ctrl+S).
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