Project Management Configurations › Set Risk Threshold

Set Risk Threshold

Use the Risk Score matrix to determine the degree of risk (low, medium, or high) based on the risk's impact and probability factors. The risk probability values are plotted against the risk impact values. The intersection of every probability and impact value is the risk score.

You can also set the probability and impact values for those projects that have detailed risks.

Note: See the Project Management User Guide for more information.

You can change existing risk thresholds, however existing risks will not be updated based on changes you make to the risk score matrix. Your changes are used to calculate the degree of risk.

To set the risk score and overall risk threshold

1. Select Risk Settings from the Project Management menu.

   The Risk Settings page appears.

2. Enter the risk acceptance level for all projects and programs in the Risk Threshold field.

   Default: 4

3. From the pull-down lists, set the risk score for a given impact and probability combination, and click Save.

   Your changes are saved.