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Risks in RiskyProject

The risks can be stored in the Risk Register. Risk Register is a set of risks with input and output parameters.

Project risk management: risks in RiskyProject

Risks in RiskyProject are defined the following manner:

  1. Name: names must for each risk must be unique. It is case sensitive.
  2. Parameters: Parameters can be inputs or calculated. Input parameters include is it Risk or Issue, is this Opened and Closed, as well as multiple risk properties: date, owner, contact, department, area of risk, etc. You define default risk properties in the Risk > Default Risk Properties. All risks are stored in Risk Register.
  3. Assignment: risks can have global (to all tasks or resources) or local (to specific task or resources) assignments. If a risk is not assigned, the impact of the risk cannot be calculated
  4. Mutually exclusive alternatives: each risk assignment may have one or many mutually exclusive alternatives. Each alternative includes chance of occurrence, outcome, and outcome result.

Example

Your project has a risk: Low quality of component. The risk has the following input parameters:

  • It is open
  • It is a risk not an issue
  • It has a number of parameters: detailed description, dates created and modified, owner, recorder and other information.

You need to assign the risk to tasks or resources. This assignment information will include a number of mutually exclusive alternatives for to each task the risk is assigned.

For example, the risk is assigned to the task "Component installation" with one alternative: Chance of occurrence 10%, Outcome: Restart Task. The risk is also assigned to the task: "Testing" with two alternatives: Chance of occurrence 10%, Outcome: Restart Task and Chance of occurrence 15%, Outcome Delay 2 days.

See also

Risk Register
Setting up risk defaults
Saving and loading the Risk Register

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