Assign a Risk Matrix to a Project or Program

Video

Assign a risk matrix to a project or program to calculate risk scores for threat and opportunity risks added to the risk register. The assigned risk matrix copies its data from a risk matrix template at the workspace level. You can edit threshold values on the assigned matrix without affecting the values at the workspace level.

To assign a risk matrix to a project or program:

1. In the object selector, select Project or Program.
2. In the object selector, beside an object name, select , and then select View Summary & Settings.
3. On the Summary & Settings page, select Dictionaries, and then select Risk Matrix.
4. On the Risk Matrix page, select Assign.
5. In the Assign Risk Matrix dialog box, select a risk matrix, and select Select.
6. In the Scoring Method list, select one of the following risk scoring methods:
   • Highest Impact: The overall impact for a risk is set to the highest of all the impacts assigned to the risk.
   • Average Impact: The overall impact is determined by calculating the average of all impact values.
7. Select Save.

You can also start this task from the Risk Register page:

1. In the object selector, select Project or Program, and then select a project or a program from the list.
2. From the Main Menu, select Risk, and then select Risk Register.
3. On the Risk Register page, select the Actions menu, and then select Assign Risk Matrix....

   Note: If the project already has a risk matrix assigned to it, the menu option reads View Risk Matrix.

Tips

• The Copied From section displays the name of the risk matrix template from which the assigned matrix data is copied, even if the matrix template is changed or deleted. The Matrix Size section displays the size of the assigned matrix.
• When copying a workspace template matrix to a project, the duration impacts are copied in hours. If there is a difference between the workspace default calendar and the project calendar, for example the workspace default calendar includes weekends as working days and the project calendar does not, the matrix will show different impacts when viewed in days. When viewed in hours, there will be no discrepancy in impact.
• You cannot assign a matrix with relative thresholds to a program.
• The Probability and Impact Scores tab displays a graphical representation of your risk matrix which is automatically created based upon your threshold selections. Modify individual scores according to your project or program needs. Select Settings to modify the color settings.
• The Thresholds tab displays a list of the thresholds copied from the assigned risk matrix template. Select the Context menu to add a new user threshold, add an existing user threshold from another workspace, or replace an existing threshold with a threshold from another workspace.
  • Changing the name of a user threshold can result in the user threshold being removed from the Workspace views in the Risk app containing that threshold.
  • The Levels detail window displays the level details of the selected threshold. Modify level names, codes, low and high values, description, and associated color value. You can toggle the threshold colors for probability and impact cells on the Risk Register page.

This setting is used in the following apps: