Using Risk Cost Exposure Tracking—Exercises

Main Exercise

Purpose: The purpose of this exercise is to demonstrate how to track the risk cost exposure against risk analysis revisions.

Windows:
Risk Analysis Navigator
Risk Cost Exposure Tracking

Using Risk Cost Exposure Tracking

1. Open the Risk Analysis Navigator window and query(F3) for the required risk analysis.
2. Observe the value of the Risk Cost Exposure field. This value is calculated as the sum of the Risk Cost Exposure values on each consequence record belonging to the risk analysis.
3. Right-click the header of the form, click Status and then click Confirm Analysis. The status of the risk analysis will change to Analyzed. Observe the value of the Revision Number field.
4. Open the Risk Cost Exposure Tracking window and query for the risk analysis that you confirmed.
5. Observe both the graphical and tabular results.
6. Navigate back to the risk analysis recently worked with on the Risk Analysis Navigator window and click the Consequence List tab.
7. Set the status of one consequence record to Resolved.
8. Observe that the Risk Cost Exposure on the Risk Details tab decreases by the Risk Cost Exposure amount of the consequence record set to Resolved. Observe that the status on the risk analysis changes to Preliminary after this change has been made.
9. Right-click the header of the form, click Status and then click Start Analysis. The status of the risk analysis will change to Analysis in Progress.
10. Subsequently click Confirm Analysis.
11. Observe the value of the Revision Number field on the Risk Details tab.
12. Open the Risk Cost Exposure Tracking window and query for the risk analysis that you confirmed.
13. Observe both the graphical and tabular results.