You can enter and view a detailed calculated risk score in the Quantify Risk section of the risk properties page. The risk score is calculated based on the selections you make in the Probability and Impact fields on this page.
Probability and impact levels are rated as follows:
Example
You set the risk probability level to High (3) and the impact level to Medium (2). The calculated risk score is 6.
The calculated risk score works with the system-level risk threshold value for all projects, set by your CA Clarity PPM administrator. The risk threshold is the acceptable level of risk that can be tolerated without acting out the risk response strategy. The risk threshold is useful because projects can have hundreds of risks. The only way to manage them is to focus on the most important ones.
The risk score matrix and the risk threshold contain default values. You can set the values as high or low as appropriate for your organization. You can view whether your risk is above the threshold on the risks page. You can design procedures or processes to deal with risks that exceed the threshold.
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