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Risk Properties and Risk Properties View

Risk Properties include:

  • Risk Name, ID, description, statement, objectives, assumption, cause and trigger
  • Open/close risk.
  • Risk life cycle status: Risks, issues, lesson learned.
  • Risk ownership
  • Risk mitigation strategy
  • Risk costs
  • Risk start and end date
  • Other information about risk

The Risk Properties view is very similar to the Risk Regiser view, but allows for a more flexible view and reporting of the Risk Register's risk properties.

Some risk properties are predefined such as General Information and Risk Costs. However, you can define any other risks properties.

Defining risk chances and outcomes in the Risk Register grid *

By default, the Risk Register’s columns don’t allow you to enter risk chance and outcome directly. You need to define appropriate columns first:

  1. Within Risk Register or Risk Properties views, right click on the header of the column next to which you want to define that column in order to enter chances and outcomes.
  2. Click on Insert Column Before or Insert Column After.
  3. Select field from the Field Type dropdown list. Here is the list of columns which can be presented in the Risk Register:
    • Impact Original: Calculated impact of risk when it is first entered in the Risk Register. It is calculated value.
    • Impact Pre-mitigation: Current calculated risk impact It is calculated value.
    • Impact Pre-mitigation: Current calculated risk impact with minus changes due to mitigation efforts factored in. It is calculated value.
    • Impact: Cost: Risk Outcome: Cost Category, current or pre-mitigation
    • Impact: Cost, Post-mitigation: Risk Outcome: Cost Category, post-mitigation
    • Impact: Environment: Risk Environment: Cost Category, current or pre-mitigation
    • Impact: Environment, Post-mitigation: Risk Environment: Cost Category, post-mitigation Calculated

* Defining risk chances and outcomes in the Risk Register grid is implemented in RiskyProject 7

Columns for Chance (Probability) and Score are defined the same way. After you define appropriate columns, they can then be used to enter the risk chance and outcome for each category.

See also

Adding Risk Properties

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