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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.

Follow these steps:

  1. Open the project and click Risks/Issues/Changes.
  2. Select the options to rate the risk.
    Objectives

    Specifies if the requirements, objectives, scope, and benefits are reasonable, clearly defined, measurable, and verifiable.

    Sponsorship

    Specifies if the sponsorship is clearly identified and committed.

    Funding

    Specifies if the project funding is available without constraints.

    Resource Availability

    Specifies if internal resources are available for the project without constraints and external resources are not required.

    Interdependencies

    Specifies if the project is not dependent on other projects.

    Technical

    Specifies if the project technology is proven and new internal or external expertise is required.

    Human Interface

    Specifies if the project has a well-defined user interface (UI).

    Organizational Culture

    Specifies if the project requires little change to the organization culture, business processes, procedures, or policies.

    Supportability

    Specifies if the project is easy to support in the future and do not require major updating.

    Implementation

    Specifies if minor uncertainties exist in the implementation effort and user acceptance.

    Flexibility

    Specifies if the project is easily adaptable.

  3. Save your changes.

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