DT810 Risk

The risk parameters described below are contained in the following modules:

• Risks/Opportunities (Projects, Proposals)

• Risks/Opportunities (Programs)

• Risk

DI007697 Risk

ID of the risk

DI007709 Active

Parameter indicating whether the risk is active.

Values

• - The risk actually exists.

  • Active risks are

    • taken into account in the calculation of the probable damage of the respective risk and of the entire project.

    • displayed in the info board.

    • shown in the status report (with all measures).

• - Data is only used for documentation/preparation.

Note

• In order to exclude the risk from the calculation of the Probable damage and Probable damage of the project values, this checkbox has to be deactivated.

DI007710 Risk name

Name of the risk

DI007711 Category

Risk category

Values

• Date

• Costs

• Quality

• Financial

• Business

• Strategic

• Operational

• Reputation

• ESG

Note

• The risk category values can be completed or changed by a project management administrator in the Listbox Values module.

DI007712 Possible damage

Estimated monetary value of the gross profit that can occur as a result of the risk.

DI007713 Probability

Probability of occurrence of the monetary damage in percent.

DI007714 Linked file

In this field you can create a link to a file.

Insert file

• Right-click on the Linked file field and select the Insert context menu command.
• Click on the Search button in the Insert hyperlink window.
• Select the required file and click on the Open button.
• Confirm with OK.
• Save.

Details

• It is also possible to directly insert files from, e.g., the Windows explorer or files attached to e-mails via Drag&Drop.

DI007715 Probable damage

The value calculated from the possible monetary damage and the probability of its occurrence (possibly reduced by the measures) including costs for pending and completed measures. It is only calculated and displayed for risks with activated Active checkbox.

Calculation

((Probability - Relative risk reduction) * 0.01) * Possible damage) + Relative measure costs

Notes

• If the sum of measure reduction values exceeds the probability of damage specified in the risk, the probability of damage is set to 0% in the calculation of the probable damage, which, however, is not explicitly visible on the surface.
• Even if the probability of damage obtained by the measures can be reduced to 0%, the probable damage does not necessarily have to be 0 since the costs of the measures are included in the calculation.

Examples

DI028260 Actual damage

Actual monetary value of the damage caused by the occurrence of the risk.

DI026062 Description

Text field for the description of the risk. Unlike the name parameter, this parameter allows for a longer text entry.

DI028258 Incurred on

Date on which the damage occurred.

DI028259 Completed on

Date on which the risk is considered to be settled.

DI063143 Priority

Parameters for determining the priority of the risk. The evaluation is based on three categories: low, medium, high.

DI063820 Extent of damage

Parameters for assessing the qualitative damage without risk treatment. The evaluation is done by three categories:

• harmless

• minimal

• noticeable

• important

• serious

• critical

The values of the parameter are used together with the values of the Probability of occurrence parameter for graphical analysis in the matrix diagram without risk treatment.

DI063823 Probability of occurrence

Parameters for assessing the probability of qualitative damage without risk treatment. The evaluation is done by three categories:

• improbable

• very rare

• rare

• possible

• probable

• very probable

The values of the parameter are used together with the values of the Damage extent parameter for graphical analysis in the matrix diagram without risk treatment.

DI063819 Extent of damage name

Name of the extent of damage value. For description, see Damage extent.

DI063821 Probability of occurrence name

Name of the probability of occurrence value. For description, see Probability of occurrence.

DI067036 Weak point

Text field for describing the weak point as part of the qualitative risk evaluation.

DI067037 Threat

Text field for describing the threat as part of the qualitative risk evaluation.

DI067039 Assessment without risk treatment

Parameter that shows the risk assessment that is automatically calculated from the damage extent and its probability of occurrence without risk treatment. The evaluation is visualized by a traffic light stored on the field.

DI067043 Risk treatment

Text field for describing risk treatment as part of the qualitative risk evaluation.

DI067050 Assessment with risk treatment

Parameter that shows the risk evaluation which is automatically calculated from the damage extent and its probability of occurrence with risk treatment. The evaluation is visualized by a traffic light stored on the field.

DI067054 Acceptance

Parameter that defines whether the person responsible accepts the risk or has assumed overall responsibility for it.

DI067059 Probability of occurrence with risk treatment

Parameters for assessing the probability of qualitative damage with risk treatment. The evaluation is done by three categories:

• improbable

• very rare

• rare

• possible

• probable

• very probable

The values of the parameter are used together with the values of the Damage etent with risk treatment parameter for graphical analysis in the matrix diagram with risk treatment.

DI067061 Damage extent with risk treatment

Parameters for assessing the qualitative damage with risk treatment. The evaluation is done by three categories:

• harmless

• minimal

• noticeable

• important

• serious

• critical

The values of this parameter are used together with the values of the Probability of occurrence with risk treatment parameter for graphical analysis in the matrix diagram with risk treatment.

DI067123 Responsible: Name

Name of a resource who has been assigned to a risk as its Person responsible.

DI067124 Responsible

Resource that is assigned as person responsible for the entire risk. This resource monitors the individual measures and coordinates cooperation with those responsible for the individual measures.

DI063254 Project

ID of the project in which the risk was recorded

DI067190 Project name

Name of the project