Risk management viewlet

Use the Risk management viewlet to edit and define risks involved in a project. The project manager can define and describe the impact and urgency of the risk in this viewlet.
Table 1. Risk management viewlet attributes
Field name Description Field type
Name Name of the risk Text
Risk matrix Graphical representation of the risk relationship Graph
Identification Date The date when the risk was identified is entered. Date
Occurred date The date when the risk occurred is entered.  
Impact The degree of impact of the risk.  
Probability    
Precision Select the degree of Precision Drop-down list
Consequence Cost Enter the consequence cost occurred Number
Probability Cost Probability cost = (Consequence cost * ((Probablity/Impact) /5) ) Number
Exposure Exposure = ( (Impact/20) + (Probablity/20) )*10 Number
Description Enter the description Text
Contingency Plan Enter the Contingency plan determined Text
Mitigation Strategy Enter the Mitigation strategy determined Text

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