Formatting the Risk Matrix

You can modify the risk matrix labels and the risk tolerance display. The level of risk tolerance is shows using color-coding (for threats: green: low risk, yellow: medium risk, red: high risk). A high number of green cells on the chart indicates a high risk tolerance. A high number of red cells on the chart indicates a low risk tolerance. Color-coding for opportunities is the opposite. If risk is both a threat and opportunity, the color is not defined.

1. On the Format menu, choose Format Risk Matrix.
2. Modify the Impact and Probability labels as required.
3. Drag the Risk Tolerance slider to the left to set a low risk tolerance or to the right to set a high risk tolerance.

Labels for risk impact are used to describe the result of non-schedule risk outcomes. For example, if you have risk with the outcome “Legal Problems” and result of this outcome 20%, the description would be Low, which comes from the risk impact label.

See also

Risk Matrix

Risks in RiskyProject