What is the difference between risk outcome value and risk outcome type?

General discussion and questions about project risk management and risk analysis software RiskyProject. Includes discussion on how to perform efficient project risk analysis using our software.

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Fer23
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What is the difference between risk outcome value and risk outcome type?

Postby Fer23 » Mon Feb 27, 2017 11:48 am

Risk Outcomes and Risk Outcome Types
Project risk management, decision and risk analysis

Intaver Support
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Re: What is the difference between risk outcome value and risk outcome type?

Postby Intaver Support » Mon Feb 27, 2017 11:52 am

In RiskyProject, the word Outcome was originally added to differentiate risk assessment inputs and outputs. In RiskyProject, outcome types and outcomes are analogous risk categories and impacts when entering risk assignments to the system. Outcome types are analogous to risk categories. When the system risk register is set up, the system has hardcoded risk categories and outcomes.

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When you assign risks, you select the outcome type and then the outcome which is the estimated impact of the risk on the outcome type.

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