How to use Risk Analysis
Starting a Risk Analysis
Note: Only users with the "Project Manager" role can start a Risk Analysis.
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In the side menu, go to [Planning] > [Risk Analysis].
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Click [New].
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Enter the [Risk Analysis Settings].
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Select a [Risk Analysis Template]. (The MSOL standard template is available.)
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Set the [Response Deadline].
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Add the members who will conduct the risk analysis.
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Click [Next], then click [Save].
Assessing Risks
Note: Only members assigned as risk assessors can evaluate risks.
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Click the name of the risk analysis you wish to assess.
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Click [Input].
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Select the [Probability] for each risk element.
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Click [Submit].
Analyzing Risks
Click [Analysis Results].
How to Read Risk Analysis Results
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Risk Cards: Displays risk elements that should be prioritized for project discussions.
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Risk Map: Visually displays the distribution of risks.
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Horizontal Axis: Average Probability (The average score assigned by all assessors for that element).
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Vertical Axis: Impact (The impact level defined in the template).
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The closer a point is to the top right, the more critical the risk is for the project.
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The size of the point represents the variance in probability scores; larger points indicate a lack of consensus among assessors.
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Trend by Risk Category: Shows trends for each category set in the template. Visually displays which categories members perceive as highest risk.
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Analysis by Assessor: Displays how each assessor evaluated the risks, making it easy to understand their perspective based on average probability and their top concerns.
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Risk Item List: Calculates the Risk Rank based on probability and impact. "High Risk Items" are highlighted to indicate they require prioritized discussion.
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Average Probability: The average value of probability scores entered by selected assessors.
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Standard Deviation: A value indicating the degree of variance/disagreement among assessors.
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Risk Rank (Average Probability × Impact): An index to help determine priority based on objective data.
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Max Risk Rank: The highest Risk Rank value among the selected assessors.
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Assigning Risks
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Select the destination for the risk.
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Click [Create Ticket].
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Click [Create].