Configuring Risk Matrix for Quantitative Risk Analysis
Posted: Tue May 04, 2021 9:03 pm
I am confused by the idea that the risk impact 'Duration' has a percentage value in the 'Format Risk Matrix'. In my experience the only 'probability classes' are expressed in percentages, the duration classes in time (i.e. days) and the cost impact in money.
It is only when I use the 'Drag 'n Drop Risk' menu that I get the option to classify the Duration impact in days, instead of percentage or class. However, when I open the Risk afterwards, I cannot edit or see these values anymore. Is it possible to define the Duration impact classes in days? i.e. class 1 = 0-3 days ; class 2 = 3-15 days ; and so on.
It is only when I use the 'Drag 'n Drop Risk' menu that I get the option to classify the Duration impact in days, instead of percentage or class. However, when I open the Risk afterwards, I cannot edit or see these values anymore. Is it possible to define the Duration impact classes in days? i.e. class 1 = 0-3 days ; class 2 = 3-15 days ; and so on.