This forum focus on project portfolio risk management theory and RiskyProject Enterprise software. Submit any questions about enterprise risk management, and qualitative / quantitative risk analysis for multiple projects. This forum also includes discussions about project risk analysis on the enterprise level.
Moderator: Intaver Support
- Posts: 14
- Joined: Tue Dec 18, 2007 3:39 pm
- Location: USA, MI
In RiskyProject Enterprise I have loaded our 4 primary Risks into the schedule and linked them s to various tasks When looking at our risk register, 3 of the 4 risks have 0.0% Impact and 0.0% Score.
- Posts: 812
- Joined: Wed Nov 09, 2005 9:55 am
In quantitative analysis, the impact is a calculated value based on how it effects different project parameters such as schedule, finish time, cost etc and is not equal to the input impacts. The underlying methodology used for calculating both impact and scores is based on sensitivity analysis using Spearman Rank Order correlation coefficients. When scores or impacts are below 1%, they are often rounded down to 0. In practical terms it means that the three risks have only an extremely small impact on your project schedule.
In addition, I notice that you have them assigned both as Global and to x # of task. Either risks should be assigned as a Global risk (systemic) or specific tasks, but not both as you will double count the impact of the risks.
Intaver Support Team
Intaver Institute Inc.
Home of Project Risk Management and Project Risk Analysis software RiskyProject