The Risk Matrix

Risk Matrix view allow you to determine the severity of a risk:

• The Risk Matrix is a tool that allows you to determine the severity of a risk. The Risk Matrix view shows this using the risk probability (y-axis) vs. calculated risk impact (x-axis) of the project risks. The Risk Matrix view is divided into two sections: a table with a list of risks with their actual calculated values for probability, impact, and score. When you select these risks, they are shown visually on a matrix, which provides a visual comparison of this data put as well as putting each risk into the context of your organization’s risk tolerance. Changes in probability and impact due to mitigation plans added to a risk's mitigation waterfall chart will automatically be displayed in the Risk Matrix.
• The Risk History shows how the probability and impact of an individual risk has changed over time.
• The Risk Monitor shows the number of risks per cell in the risk matrix.

Viewing the Risk Matrix

1. Click the Risks tab. In the Risk Views group, click Risk Matrix.
2. Select type of chart you want to view at the bottom of risk matrix.
3. Select the Threats or Opportunities option at the top of the matrix. You cannot view Threats and Opportunities at the same time.
4. Risk scores can be shown on the Risk Matrix based on overall score (No Hierarchy) or a selected risk category which are shown in the Hierarchy based on dropdown list. Lists of all risks associated with the selection are shown in the table. Select No Hierarchy to view the overall risk score (sum of all risk categories) for selected risks.
5. Select the check boxes beside the risk names to view the risks on the Risk Matrix. To hide a risk, clear the check box. By default, risks with zero impact cannot be selected. Use the filter at the bottom of the list ('Hide a risk if Score is < ' or 'Show risks with severity level…') to show/hide risks below the entered threshold. Severity level is defined in Risk Trend Chart Settings dialog. Essentially in the color of risk matrix.

Copy the risk matrix to the clipboard or save as a JPEG (PNG, GIF…) file

1. Right-click on the Risk Matrix
2. Choose Copy to Clipboard or Copy Chart to File (JPEG, PNG, GIF…)./li>
3. If you chose to create a file, you will be prompted to select file format and save it to a directory./li>

To format the Risk Matrix, right-click on the matrix and choose Options.

See also

Risks in RiskyProject