Defining Risk Approach

Each user can initiate Risk assessment in the Risk Management Module.

  1. Click on the “+New Risk Matrix” button in the top right corner.

    Risk


     

  2. In the “Create Risk Group” window define the understandable name to your risk assessment, relate it with a project to what it refers and add a detailed explanation about your risk assessment in the “Comments” field (optional).

    New risk matrix

After the Risk matrix is created, click on the “Assessment group” button.

 

You can use the defaults or you can set up custom parameters for complete Risk Management like Hazard Category, Severity Matrix, Likelihood Matrix, Risk Matrix Ranges, Risk Control Measures, and Benefit settings. Risk Assessment is based on these categories.


Click on the links on the left side to access all parameters.