The Risk Register
Words on this page that have been underlined and italicized can be found in the glossary on the right-hand side of the page.
Overview
The risk register is an index of all possible threats and opportunities that may impact the schedule, along with their qualitative characteristics.
Risks
In NetRisk, a risk is unique in that its probability of occurrence may occur either individually on each of the activities to which it has been assigned or as a group.
Behavior | Definition | Use Case | How |
---|---|---|---|
Individually | A risk impacting two activities at 80%; OR one activity at 80% and another at 70% will not necessarily occur in the same iterations | Distinct time frames, e.g. an activity in January 2015 and another in June 2020 | Uncheck the box in the "Correlate Probability" column next to each assignment |
As a group | A risk impacting two activities at 80% will occur in the same 80% of iterations | Activities in close proximity to one another, for example, a labor strike affecting all work in September | Check the box in the "Correlate Probability" column |
Scenarios
Scenarios are for capturing mitigation states or what-if scenarios of a given risk.
- When adding a scenario, all properties of the risk will be copied over
- The probability or impact can then be modified as desired
- During simulation, only one of a risk or its scenarios can be included in analysis
Adding Risks/Scenarios
- Click the Risk icon.
- Click the View button above the top list and choose Risk Register.
- Click the New Risk or New Scenario button in the Risk Properties pane or underneath the list.
- Configure the properties as desired.
The Probability Qualitative, Schedule Impact, or Cost Impact cannot be modified until the Category has been set.
To import a risk register from Excel, see Importing a Risk Register.
Deleting Risks/Scenarios
- Click the Risk icon.
- Click the View button above the top list and choose Risk Register.
- Select the desired risk or scenario in the table.
- Click the Delete button in the Risk Properties pane or underneath the list.
Available Table Columns
Each property in the pane can be displayed as a column, but not each column can be displayed as a property in the pane.
For details on customizing columns, filtering, sorting, and organizing by WBS, see Interface Tour.
For quantitative columns, see Risk Activity Impacts.