Analysis
Analysis enables mitigations to be focused where the most benefit will be realized. Utilising the assessment ratings, the Probability Impact (PI) and the Probability Impact Manageability (PIM) scores of each risk are calculated. The PI and PIM scores can be used to calculate the ranking of risks relative to each other and the trending of individual items over reporting periods.
1. Calculate PI & PIM
Continue to the Mitigation Steps
1. Calculate PI & PIM
PI & PIM are Calculated automatically in both the excel template and WDesk
PI = P x (C x C% + S x S% + R x R%)
C = Commercial Rating
C% = Commercial Impact Weighting
S = Schedule Rating
S% = Schedule Rating Impact Weighting
R = Reputation Rating
R% = Reputation Impact Weighting
For a Threat & Opportunity the maximum PI is 25.
The risk level impacts what evaluation weighting is applied in the analysis stage. If each level has a different evaluation weighting relative to that level, the resulting PI and PIM score would change relative to the risk level applied.
PIM = [P x (C x C% + S x S% + R x R%)] x M%
M% = Manageability percentage reslting from the assigned manageability rating.
| Manageability Rating | Threat Manageability % | Opportunity Manageability % |
|---|---|---|
| 1 | 10% | 100% |
| 2 | 35% | 135% |
| 3 | 60% | 160% |
| 4 | 80% | 180% |
| 5 | 100% | 200% |
For a Threat the maximum PIM is 25.
For an Opportunity the maximum PIM is 50
Update Trending Data in Reports
Applicable only to risks managed in WDesk. The Project/Program/Business Risk Focal Point establishes the trending baseline for trending analysis to be available.
(Business/Project Focal Points will receive training for this. )