Define Risk Default Settings
Explanation
This activity is used to define default values
for settings used in risk analysis. These default values can be changed as
necessary for each risk analysis.
Prerequisites
None
System Effects
- On creation of a new risk analysis the values defined in this tab will
be copied by default to the new risk analysis.
- For Single Point Analysis, only one value is used in quantifying the
possible impact of a problem and the minimum and maximum fields are
disabled.
- For 3-Point Analysis, the value is calculated based on a weighted
average of the Minimum, Most Likely and Maximum estimate values.
Window
Risk Basic Data
Related Window Descriptions
Risk Basic Data/Risk
Default Settings
Procedure
Use the following procedure to define risk default settings:
- Open the Risk Basic Data window, and select the
Risk Default Settings tab.
- In the Analysis Method field, select either Single Point Analysis
or 3-Point Analysis. This will be the default analysis method given to newly
created risk analyses.
- In the Analysis Max Weight Factor field, enter the weight
factor for the maximum cost estimate. This value is used to calculate the
Calculated Cost Estimate if 3-Point analysis is used.
- In the Analysis Min Weight Factor field, enter the weight factor
for the minimum cost estimate. This value is used to calculate the
Calculated Cost Estimate if 3-Point analysis is used.
- In the Analysis Nor Weight Factor field, enter the weight factor
for the most likely (normal) cost estimate. This value is used to calculate
the Calculated Cost Estimate, if 3-Point analysis is used.
- In the Review Period (Weeks) field, enter the default period
between assessments of risk analyses. This will be the default review period
given to newly created risk analyses.
- In the Time Unit field, enter the default time unit used for time
delays entered on risk consequences.
- In the Week Day Conversion field, enter the conversion for weeks
to days. For example a value of 5 means that 1 week is converted to 5 days.
This conversion is used to calculate net potential delay when the Time Unit
is weeks.
- Click Save.