Setup › About the Risk Score Matrix › Set Risk Threshold

Set Risk Threshold

Use the following procedure to set the system-level default project risk score and overall risk threshold. The risk threshold is the acceptable level of risk that can be tolerated without acting out the risk response strategy. You can also set the probability and impact values for the projects that have detailed risks.

You can change the existing risk thresholds, which help to calculate the degree of risk. But the changes are not based on the changes to the risk score matrix.

Follow these steps:

1. Open Administration, and from Project Management, click Risk Settings.

   The risk settings page appears.

2. Complete the following field:

   Risk Threshold

   Defines the risk acceptance level for all projects.

   Default: 4

3. Set the risk score for a given impact and probability combination
4. Save the changes.