Calculate Risk Potential for Risk Assessment
Explanation
This activity is used to calculate risk for for a given time, place and
circumstances within a particular risk assessment,
Prerequisites
In order to perform this activity:
- Risk Assessment is required to be registered in the system
- Descriptions and values of frequency, severity and probability of risk
are required to be already defined in the Risk Potential Basic Data
window.
System Effects
There are no system effects.
Window
Risk
Assessment
Related Window Descriptions
Risk Assessment
Procedure
- Open the Risk Assessment
window and search or populate to find the relevant risk assessment.
- Go to the Risk Potential Calculation section.
- In the Probability field, select the description of the risk
likelihood from the list of values. The corresponding probability value
shows in the Probability Value field.
- In the Frequency field, select the option specifying the
frequency of risk occurrence from the value list. The corresponding frequency
value shows in the Frequency Value field.
- In the Severity field, select the description for the severity of
risk from the list of values. The corresponding severity value shows in the
Severity Value
field.
- Save the information. Note that the risk potential is calculated from
all values in the risk calculator and
shown in the Risk Potential field.