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RiskyProject Professional

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Project Risk Management and Decision Analysis 

Global Risks

Global risks are those risks which have a chance of affecting the project as a whole and are not limited to specific tasks or resources. For example, a change in requirements would be considered a global risk.

To create global risks:

1. Open the Global Risk view.
2. Click on Risk Name field and type in the name of the risk. 
3. Define the risk:

  • Assigned – a risk can be assigned as either a resource or task.
  • Chance – the probability that the risk event will occur.
  • Outcome – the result when the risk event occurs 
  • Result – the outcomes quantitative effect or the task or resource.
  • Distribution – define the distribution of the risk using a start, most likely and finish as a function of the duration of the task. If the distribution is Uniform then you do not have to define the previous parameters.

4. To apply a global risk to the project, select the check box located to the right of the Risk Name field.

Note:

 When you define new risk, default risk properties (chance, outcome, etc.) will be taken from Options dialog Risk Tab.

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