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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. 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 choose Risk Scoring Matrices.
  3. On the Risk Scoring Matrices page:
    1. Click "" Add (Insert).
    2. In the Name field, click and type a unique name.
    3. In the Matrix Size field, double-click and click "".
  4. In the Select Matrix Size dialog box:
    1. 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.

    2. Click OK.
  5. On the Risk Scoring Matrices page, double-click in the Probability Threshold field and click "".
  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 Impact Thresholds field and click "".
  8. In the Select Impact Thresholds dialog box:
    1. Select a Cost Impact and click Assign.
    2. Select a Schedule Impact and click Assign.
    3. Select any additional impacts and click Assign.
    4. Click Close.
  9. On the Risk Scoring Matrices page, double-click in the Tolerance Threshold field and click "".
  10. In the Select Tolerance Threshold dialog box, choose a tolerance and click OK.
  11. 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.
  12. In the Description detail window, type a description of the risk scoring matrix.
  13. On the Risk Scoring Matrices page, click "" Save (Ctrl+S).

Related Topics

About Risk Scoring Matrices

Working with 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

Risk Scoring Matrices Page

Enterprise Data Page

Creating Risk Thresholds


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