About Risks
In RiskyProject, each risk can have a number of attributes. Some of the most
common attributes are predefined and are found in the Properties tab of the Risk
Information dialog box; however, you are not required to complete all of them
and should be defined as part of your risk management plan.
General Information includes:
- Risk Name: risk names for each risk must be unique. It is case
sensitive.
- Open/closed risk: open risks are active risks that may occur.
Closed risks are those risks that are no longer active because of risk response
or other factors. measures are taken. Closed risks may contain important
information and because they can become active or information regarding these
risks may useful for management of other risks (Lessons learned) they should not
be deleted from the risk register
- Risks, issues, lesson learned: risks are events that may or may
not occur and has a probability between 0 – 100%. Issues are events that have
already occurred and require a response. Lessons learned are events that
occurred in the past and have a history associated with them. When you add new
record to the risk register, by default it is a risk. • Risk statement,
objectives, assumption, cause and trigger: textual information about risks.
- Risk ownership: includes risk manager and risk owner. You may
define other custom fields for risk reviewer, recorder, and other participants
in risk management process,
- Risk mitigation strategy: you can enter mitigation strategies
for threat and/or opportunities. Threats and opportunities are automatically
generated when you enter risk probabilities and impacts. If the risk is only a
threat, you will only be able to enter strategies for threats and vice versa.
For more information about threats and opportunities please read “Risk
Probabilities and Impacts”. • Risk start and end date (risk sunrise and sunset):
dates this risk is active.
- Risk ID: Risk ID can be automatically generated when you create
a new risk. You may sort Risk Register based on Risk ID. You may always
overwrite automatically generated risk ID. Rules for risk ID generation are
defined in Risk Options. To access Risk Options on Schedule tab of the ribbon
select Options and go to Risk tab.
- General Information about risks is a
set of attributes that does not affect the calculation of probabilities,
impacts, risk cost and mitigation efforts for qualitative risk analysis.
- In
the case of quantitative risk analysis, changing a risk from open to closed from
Ris to Issue or Lesson Learned will affect risk probability and impact. For more
information about this please read Assigning Risks to Task and Resources.
- You
define the default risk mitigation strategy and default time between risk
sunrise and sunset in the Default Risk Properties dialog box (Risk tab of the
ribbon, Settings pane).
See also
Adding Risk Properties
Risks in RiskyProject
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