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Viewing the Risk Matrix and Risk Trend Chart

Risk Matrix and Risk Trend views allow you to determine the severity of a risk and analyze how risks are changing over time:

  • 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.
  • The Risk Trend shows how project risk change over time. The Risk Trend can be presented as bar chart or in table format (Total Risks).
  • 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.
      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. Select a risk category from the Risks affected dropdown list, if you do not select. Lists of all risks associated with the selected risk category are shown in the table. Select All Parameters 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, simply clear the check box. By default, risks with zero impact cannot be selected. Use the Hide a risk if Score is < box to show/hide risks below the entered threshold.

      To format the Risk Matrix, right-click on the matrix and choose Options. For more information about formatting the Risk Matrix, read “Formatting the Risk Matrix”.

      See also

      Risks in RiskyProject

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