Risks, Issues, Change Requests, and Action Items › Risks › Risk Rating › Assign Rates to Risk Factors

Assign Rates to Risk Factors

You can assign rates to the project risk factors using the main risk page. The risk factors display in the Contributing Factors section of the page. The Risk field, at the top of the page, indicates a combined risk level for the project. The risk level is based on all the selections made in the Contributing Factors section of the page.

The following image shows how this page looks when each of the project risk factors are rated.

Follow these steps:

1. Open the project and click Risks/Issues/Changes.

   The risk page appears.

2. Complete the following fields for the risk category:

   Objectives

   Specifies the project risk in objectives.

   Values:

   • Low. If the requirements, objectives, scope, and benefits are reasonable, clearly defined, measurable, and verifiable.
   • High. If the requirements, objectives, scope, and benefits are not reasonable, clearly defined, measurable, or verifiable.

   Sponsorship

   Specifies the project risk in sponsorship.

   Values:

   • Low. If the sponsorship is clearly identified and committed
   • High. If the sponsorship is not clearly identified and committed.

   Funding

   Specifies the project risk in funding.

   Values:

   • Low. If project funding is available without constraints.
   • High. If funding has not been allocated.

   Resource Availability

   Specifies the project risk in resource availability.

   Values:

   • Low. If internal resources are available for the project without constraints and external resources are not required.
   • High. If internal resource availability is uncertain or constrained and external resources are required.

   Interdependencies

   Specifies the project risk in interdependencies.

   Values:

   • Low. If the project is not dependent on other projects.
   • High. If interdependencies exist.

   Technical

   Specifies the project risk in technology.

   Values:

   • Low. If the project technology is proven and new internal or external expertise is required.
   • High. If the project technology is unproven and new expertise is required.

   Human Interface

   Specifies the project risk in human interface.

   Values:

   • Low. If the project has a well-defined user interface (UI).
   • High. If the project has a poorly defined UI.

   Organizational Culture

   Specifies the project risk in organizational culture.

   Values:

   • Low. If the project requires little change to the organization culture, business processes, procedures, or policies.
   • High. If the project requires major changes to organization culture, business processes, procedures, or policies.

   Supportability

   Specifies the project risk in supportability.

   Values:

   • Low. If the project is easy to support in the future and do not require major updating.
   • High. If the project requires lots of support and updating.

   Implementation

   Specifies the project risk in implementation.

   Values:

   • Low. If minor uncertainties exist in the implementation effort and user acceptance.
   • High. If major uncertainties exist and user resistance.

   Flexibility

   Specifies the project risk in flexibility.

   Values:

   • Low. If the project is easily adaptable.
   • High. If the project is not easily adaptable.

3. Save the changes.

   The stoplights are changed next to each risk factor to the color assigned to the level you selected for each risk.