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Project Risk Management and Decision Analysis 

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How correlated risks are calculated


 RiskyProject uses the same seed for correlated risks. You can view or update the seed in the Global Risk Assignment view. If seeds for two risks are the same, then sampling will follow the same pattern and risks will be correlated with each other.

 

If risks are correlated with each other, it does not mean that they will always occur together as the risks may different chance of occurrence. If Risk 1 has chance of occurrence is 10% and Risk 2 chance of occurrence is 20% and both risks are correlated, Risk 1 will always occur when Risk 2 occurs, but Risk 2 may occur when Risk 1 does not occur.

 

See also

Correlating risks

Risks in RiskyProject

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