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Impact and Risk Scores equal Zero
Posted: Thu Sep 13, 2018 11:24 am
In RiskyProject Enterprise I have loaded our 4 primary Risks into the schedule and linked them s to various tasks When looking at our risk register, 3 of the 4 risks have 0.0% Impact and 0.0% Score.
Re: Impact and Risk Scores equal Zero
Posted: Thu Sep 13, 2018 11:28 am
In quantitative analysis, the impact is a calculated value based on how it effects different project parameters such as schedule, finish time, cost etc and is not equal to the input impacts. The underlying methodology used for calculating both impact and scores is based on sensitivity analysis using Spearman Rank Order correlation coefficients. When scores or impacts are below 1%, they are often rounded down to 0. In practical terms it means that the three risks have only an extremely small impact on your project schedule.
In addition, I notice that you have them assigned both as Global and to x # of task. Either risks should be assigned as a Global risk (systemic) or specific tasks, but not both as you will double count the impact of the risks.