![]() You can use a program risk matrix to compare risk scores across projects with different risk matrixes. Risk scores enable you to rank risks based on severity, and the values themselves do not indicate a standard period of time or cost. A Medium impact in a matrix for a large project may represent a range of 100 to 200 days. For example, a Medium impact in a risk matrix for a smaller project may represent a range of 10 to 20 days. It is important to note that different risk matrixes can be the same size and have the same risk scores, but consist of separate risk thresholds with different sets of values. Average Impact: The overall impact is determined by calculating the average of all impact values.Highest Impact: The overall impact for a risk is set to the highest of all the impacts assigned to the risk. ![]() In the matrix settings, you can choose from one of the following two methods: The overall impact value is calculated based upon the scoring method assigned to the risk matrix. Each risk score marks an intersection in the risk matrix between a probability value and the overall impact value. Probability threshold values are listed as rows. Each risk matrix contains a probability threshold, cost impact threshold, schedule impact threshold, and an optional user impact threshold. Probability and impact thresholds combine to form a risk matrix, which indicates the possible scores a risk can have. ![]() Risk Register Overview > Risk Scoring OverviewĪ risk's score is derived from the probability and impact values assigned to the risk. ![]()
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