About Risk Scores

Risk scores are a calculated parameter that equals probability multiplied by impact. Risk probability, impacts and scores are calculated before and after risk mitigation. Risk score is calculated for each risk category as well as all risk categories.

Original, Pre-, and Post-Mitigation Probabilities, Impacts and Scores

RiskyProject calculates three sets of probabilities, impacts and scores for each risk category as well as combined for all categories. You can view these sets in the Risk Register, Mitigation Assignment View, and Mitigation tab of Risk Information Dialog:

• Original: when risk chance and outcome are defined. This information can be entered in the list of risk mitigation plans in Mitigation tab of Risk Information Dialog. Original chance, outcome and scores can be shown in the Risk Register as read-only. RiskyProject can only save one set of original chance, impact, and score per risk.




• Current: reflects most recent changes to probability and impact for each category. If you use qualitative analysis, current chances and impacts are editable in Risk Register. You can also edit them in the Risk Form or the Probabilities and Outcomes tab of the Risk Information dialog box. For quantitative analysis (with project schedule) current set of probability, impact, and scores is calculated based on risk assignment to task or resources. Current set of probability, impact, and score is shown as a first line on Mitigation Tab on Risk Information dialog box.




• Post-Mitigation: probability, impact and score reflect changes to risks due to mitigation plans There can be many mitigation plans assigned to one risk. They are editable in the Assign Mitigation view and in Mitigation tab of the Risk Information dialog box. In the Risk Register you can show the latest read-only probability, impact and score, which corresponds to the last line in Mitigation tab. In the Assign Mitigation view, in addition to editing the post-mitigation probabilities, impacts and scores for all categories, you can also edit values for individual categories, such as cost, duration, quality, technology, etc. Probabilities, impacts and scores for individual categories are not used to calculate combined probabilities, impacts and scores, which should be entered independently. Post-mitigation probabilities, impacts and scores are not affected by quantitative analysis. Also in the Assign Mitigation you can enter both predicted and actual probabilities, impacts and scores.

You can view all sets of probabilities, impacts, and scores in the Risk Register.

See also

Risk Probability and Chance

About Risk Attributes

Risks in RiskyProject