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Nonlinear intervals for probability and impact

When you format Risk Matrix you can define nonlinear intervals for probability and impact.

In standard risk impact and probability matrixes, intervals can be non-linear. For example, in some 5x5 risk matrixes, Very High probability often indicates a probability of 100 - 70%, High 70 -50%, Moderate 50-30 %, Low 30-20% and Very Low is >10%. The risk matrix can be setup so that the matrix “intervals” can be modified so that each interval can represent a different scale for both probability and impact. The sum of all intervals must be equal to 100%. If the sum is not equal to 100%, the background color will be switched from green to pink.

Very Low - 10%
Low - 20 %
Medium - 20%
High - 20%
Very High - 30%

The same process can be used to customize your impact matrix:

Negligible  < 1% of budget - 1%
Minor  < 5% of budget - 4 %
Moderate < 10% of budget - 5%
Serious < 20% of budget - 10%
Critical < 20% of budget - 80%

See also

About Risk Attributes
Formatting the Risk Matrix

 

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