Risk is 100% mitigated

This forum includes discussion about project risk analysis and risk management theory: Monte Carlo simulations, Event Chain Methodology, schedule and cost risk analysis. Please submit questions and case studies about your experience with our project risk analysis software.

Moderator: Intaver Support

Post Reply
Tomico
Posts: 63
Joined: Thu May 18, 2006 5:02 pm
Location: Naples, FL

Risk is 100% mitigated

Post by Tomico » Thu Nov 23, 2017 11:05 am

Is there any way to specify that risks which are mitigated 100% by the mitigation plan should not be used in the calculation?

Intaver Support
Posts: 992
Joined: Wed Nov 09, 2005 9:55 am

Re: Risk is 100% mitigated

Post by Intaver Support » Thu Nov 23, 2017 11:10 am

If risks are 100% mitigated, then they are no longer active and can be closed. To close a risk, open the Risk Register, select the risk and double-click on the Risk ID (far left column).

In the Risk Information dialog box > Properties > click the Closed option.

Image

You can also sent probability the risk equals 0. It can be reflected in Risk waterfall chart of Risk Information dialog box: risk probability after mitigation can be equal zero.
Intaver Support Team
Intaver Institute Inc.
Home of Project Risk Management and Project Risk Analysis software RiskyProject
www.intaver.com

Post Reply