Risk scores as powers
Moderator: Intaver Support
Risk scores as powers
Is it possible to have a scoring method based upon logarithmic scoring (1,2, 4,8,16..)?

 Posts: 764
 Joined: Wed Nov 09, 2005 9:55 am
Re: Risk scores as powers
When configuring the risk register, this is referred to as the “Index of the label”. Index can be numbers or letters , but they can only advance numerically and cannot be expressed as powers or exponential etc.
The numbers for scoring are assigned to the number or rows (probability) or columns (impact) in the Risk Matrix. In our default settings, the Matrix is a 5x5 and the indexes for probability and impact are 15. If you are using the scoring method of Probability x Impact, the highest score you would be able to achieve is 25. While scores can be expressed differently (%, label, combinations) it is constrained in that the basic values can only increment up by 1.
The numbers for scoring are assigned to the number or rows (probability) or columns (impact) in the Risk Matrix. In our default settings, the Matrix is a 5x5 and the indexes for probability and impact are 15. If you are using the scoring method of Probability x Impact, the highest score you would be able to achieve is 25. While scores can be expressed differently (%, label, combinations) it is constrained in that the basic values can only increment up by 1.
Intaver Support Team
Intaver Institute Inc.
Home of Project Risk Management and Project Risk Analysis software RiskyProject
www.intaver.com
Intaver Institute Inc.
Home of Project Risk Management and Project Risk Analysis software RiskyProject
www.intaver.com
Return to “Project Risk Analysis and Project Risk Management Theory”
Who is online
Users browsing this forum: No registered users and 1 guest