Risk Scoring Matrices Page

Overview

Use this page to create, modify and delete risk scoring matrices which are used to perform qualitative analysis on project risks. Project risk is assessed based on the values you assign to the thresholds defined in the risk scoring matrix.

Screen Elements

Risk Scoring Matrices toolbar

See Enterprise Data Risk Scoring Matrices Toolbar.

Name field

The name of the risk scoring matrix.

Matrix Size field

The dimensions of the risk scoring matrix, which are defined by the number of levels required for the probability threshold and the impact thresholds. The visual representation of the risk scoring matrix is the probability and impact diagram (PID).

Probability Threshold field

The name of the probability threshold, which is defined on the Risk Thresholds page, assigned to the risk scoring matrix. The probability threshold defines the likelihood of the risk occurring.

Impact Thresholds field

The names of the impact thresholds, which are defined on the Risk Thresholds page, assigned to the risk scoring matrix. Each risk scoring matrix must have a cost impact, which is the monetary impact if the risk occurs, and a schedule impact, which is the amount of time the risk will increase or decrease the project schedule. User-defined impacts are optional.

Tolerance Threshold field

The name of the tolerance threshold, which is defined on the Risk Thresholds page, assigned to the risk scoring matrix. The tolerance threshold is the acceptability or manageability of a risk on a project.

Risk Scoring Method field

The type of calculation used to obtain an overall impact value, which is then used along with the probability to determine the score used to evaluate project risk. The overall impact value is calculated using one of the following three methods:

  • Highest Impact: The overall impact for a risk is set to the highest of all the impacts assigned to the risk.
  • Average Impact: The overall impact is determined by calculating the average of all impact values.
  • Average Individual Impact: The overall impact is determined by combining the value of each impact individually with the probability from the Probability and Impact Diagram. The total of all impact scores is then divided by the number of impacts.

For more information, see Risk Scoring Method Description.

Description field

The description of the scoring matrix.

Risk Scoring Matrices Page detail windows:

Description Detail Window of the Risk Scoring Matrices Page.

Projects Detail Window of the Risk Scoring Matrices Page.

Probability and Impact Diagram Detail Window of the Risk Scoring Matrices Page.

Probability Detail Window of the Risk Scoring Matrices Page.

Impacts Detail Window of the Risk Scoring Matrices Page.

Tolerance Detail Window of the Risk Scoring Matrices Page.

Getting Here

  1. Click the "" Projects menu and select Enterprise Project Data, or click the Administer menu and select Enterprise Data.
  2. In the Enterprise Data pane, expand Risks and click Risk Scoring Matrices.

Related Topics

About Risks

About Risk Scoring Matrices

Working with Risk Scoring Matrices

Creating Risk Scoring Matrices

Assigning a Risk Scoring Matrix to a Project

Assigning a Risk Scoring Matrix to a Project from the Enterprise Data Pane

Assigning a Risk Scoring Matrix to a Project from the EPS Page

Assigning a Risk Scoring Matrix to a Project from the Portfolios Section


Copyright information