Changing likelihood and impact in Risk Register

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Jason
Posts: 38
Joined: Wed Nov 09, 2005 10:46 pm

Changing likelihood and impact in Risk Register

Post by Jason » Tue Apr 22, 2014 5:02 pm

Is it possible to update risk likelihood and impact in risk register directly without Risk Information dialog (without double click)? I think it will be much easier for users.
Jason

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

Re: Changing likelihood and impact in Risk Register

Post by Intaver Support » Tue Apr 22, 2014 5:14 pm

At this point you cannot risk probability and impact in Risk Register. We enter it in Risk Information dialog (Probabilities and Outcomes form). We have calculated risk probability and impact in risk register and input chance and outcome in Risk Information dialog. Although in many cases they are the same.

Calculated risk probability and impact and input chance and outcome are different because of the following reasons:

- Risk may have different alternatives – different probabilities and impact under different conditions
- Risk may belong to different categories – it may affect safety, cost, etc. Risk Information dialog (Probabilities and Outcomes form) allows to do it.
- Calculated risk likelihood and impact and entered likelihood and impact may be different because of quantitative risk analysis
- We may have probabilistic risk outcome defined statistical distribution

We are working on new version and we will try to introduce entering risk probability in Risk register directly.
Intaver Support Team
Intaver Institute Inc.
Home of Project Risk Management and Project Risk Analysis software RiskyProject
www.intaver.com

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