Risk Register (Risks) – Cost

The Risk Register (Risks) page allows user to add risks to the selected project.  Here the risk data can be imported from PRC Risk Register or create in the page itself.  The user can also input the probability percentage for each risk which is the chance of occurrence for each risk and the distribution values according to which the cost can be distributed over the risk.

Figure 1

 

Add Risk:

This functionality is used to add a new risk to the project.

Steps:

  1. Risk Register –> Risks
  2. Click on Risk Id column to add new risk.  (Figure 1)
  3. Give the name, type of the risk, title, probability and distribution values.

The distribution values include Normal, Beta, Triangular, Trigen, Uniform and Discrete.  When a new risk is added the distribution value which is automatically selected will be Triangular.

Edit Risk:

This functionality is used to edit the existing risk details.

Steps:

  1. Risk Register –> Risks
  2. Click on the risk which has to be modified. (Figure 1)
  3. Modify the name, type, title and probability of the risk.

 

Import from XLS:

This functionality is used for importing risks from an .XLS file.

upload_xls

Figure 2

Steps:

  1. Risk Register –> Risks
  2. Click on the IMPORT FROM XLS (Figure 1)
  3. A pop up appears, browse the file to be imported and upload. (Figure 2)
  4. Map the corresponding values in the excel file and click on the IMPORT VALUES button. (Figure 3)

 

import_from_xls

Figure 3

 

Import from PRC Risk Register:

This functionality is used to import the threats and opportunities data from PRC Risk Register and to assign those risks to the tasks in the PRC Cost Monte Carlo.  This can be done only if same projects exist for the same user in both Risk Register and Cost Monte Carlo.

Steps:

  1. Risk Register –> Risks
  2. Click IMPORT FROM PRC RISK REGISTER (Figure 1)
  3. A pop up appears (Figure 4) where the importing risks´ data fields are selected and click UPDATE FIELDS to view those selected risk data. Click IMPORT RISK DATA button to save the imported risks from PRC Risk Register.  (Figure 5)

 

import_from_riskregister

Figure 4

 

import_from_riskregister_updatefields

Figure 5

Filter Data:

This functionality is used to filter the data according to a particular field and its selected values for risk / task.

Steps:

  1. Risk Register –> Risks
  2. Select the required column from the Filter by dropdown.  (Figure 1) 
  3. Enter the value in the textbox provided or select a value from the dropdown based on which filtering is to be done.  (Figure 6) While giving conditions with `select multiple´ option to filter, a pop up appears (Figure 7) where the multiple risks can be selected.
  4. Click the SHOW button (Figure 6). The filtered data will be displayed.

 

Figure 6

 

select_multiple

Figure 7

 

 

Select Risks:

This functionality is used to select multiple risks.

Steps:

  1. Risk Register –> Risks
  2. Click on the SELECT RISKS button.  (Figure 1) 
  3. Check boxes appears on the first column of each mapping which can be checked for selecting corresponding mappings. (Figure 8)

Figure 8

Delete Risks:

This functionality is used to delete multiple risks from the project.

Steps:

  1. Risk Register –> Risks
  2. Click on the SELECT RISKS button.  (Figure 1) 
  3. Check the checkboxes of the corresponding risks which are to be deleted. (Figure 8)
  4. Click on the DELETE icon or click Delete icon corresponding to each risk to delete single risk from the project.  (Figure 8)
  5. A pop up appears.  Click OK to delete or click Cancel.  (Figure 9)

 

delete_risks

Figure 9

Export to Excel:

This functionality is used to export the risks to the excel format.  Figure 8.



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