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Specifies the name of the status dimension which the risk affects.
The table lists available status dimensions in alphabetical order.
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Status dimension
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Alignment with client
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GDPR_________________
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Quality
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Team Retention
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Team Performance
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Schedule
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Scope
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WFH Impact
Correlates with the list of Status Dimensions in the Health Status Dimensions.
2. Probability
Probability |
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1 - Low |
2 - Medium |
3 - High |
3. Impact
Impact | Impact Effect |
|---|---|
1 - Low | We could handle this without extra money/resources |
2 - Medium | It will cost us money/resources to remedy |
3 - High | We might lose the customer/project over this |
4. Treatment Strategy
Strategy | Description |
|---|---|
Avoidance | Risk avoidance is elimination (removal) of the risk in such a way that it is no longer applicable
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Mitigation | Risk mitigating or reducing the risk by reducing the impact, or loss it can cause. |
Transfer | Risk transfer transfers the liability of the risk to a third party through contractual agreements, insurance, indemnity, warranty, and so on. |
Acceptance | Risk acceptance is accepting, or retention of the risk and is typically the response after avoidance, transfer and mitigation were considered or tried. |
5. Treatment Strategy and Damage Control Plan
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To learn how to use Action Items in Health, see Action Items.
6. State
State | Description |
|---|---|
Identified | Risks that have just been identified. |
In Analysis | Risks that have been identified and for which analysis has begun. |
Treatment in Progress | Risk is currently being treated. |
Occurred (Issue) | Risk occurred and became an Issue. |
Resolved | Work with risk completed. |
Archived | Risk is no longer actual. When you select the status, the risk will be hidden from the general risk table. To display risks in the Archived status, select the Archived value in the filters in the State section. |
7. Checkpoint Date
Using this field, you can set checkpoint date to manage work on risks.
After the checkpoint date has expired, Checkpoint Past Due notification will appear in the risk signals.
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