About Risk Probabilities and Impacts

Use Probabilities and Outcomes tab of Risk Information dialog to define risk probabilities and impact. You need to enter risk chance, outcome type, and outcome for each mutually exclusive alternative. You may only define one alternative.

Please remember that risk chance and outcome may not be equal calculated risk probabilities and impact in the following cases: •

• For risks with multiple mutually exclusive alternatives
• If you define uncertainties in risk outcome
• In case of quantitative risk analysis (with project schedule)

Defining Risk Probabilities and Impact

1. On the Risks tab of the ribbon, click the Risk Register view.
2. Double-click on risk ID to open the Risk information dialog box.
3. Click the Probabilities and Outcome tab.
4. Enter the Chance which will be used to calculate probability.
5. Select the Outcome Type from drop down list.
6. Select the Outcome label from drop down list or enter a percentage. Threat/Opportunity will be calculated automatically if you enter a negative outcome.
7. If required, repeat steps 5 -7 for each mutually exclusive alternative.

Use the Format Risk Matrix dialog box to toggle between entering risk outcomes as labels, percentages, or both.

See also

About Risk Properties