Risk Criteria are the scoring values attributed to the likelihood that a risk will
occur, and the significance to your organization if the risk does occur. Risk Criteria
Thresholds allow you to define what is deemed a high/likely or low/unlikely score. You can
create or modify risk criteria thresholds, as necessary.
Risk defines Risk Criteria Thresholds as follows.
Table 1. Risk Criteria Thresholds
|1 = Extremely Unlikely
||1 = Very Low
||0-5 = Very Low
|2 = Unlikely
||2 = Low
||6-10 = Low
|3 = Neutral
||3 = Moderate
||11-15 = Moderate
|4 = Likely
||4 = High
||16-20 = High
|5 = Extremely Likely
||5 = Very High
||21-25 = Very High
See Risk scoring
information how the scores of Risks are calculated.
Select the threshold to modify or click New.
Fill in the fields on the form, as appropriate.
||Sets the name of the Risk Criteria Threshold (for example,
Extremely Likely or Very Low).
Score depending on which the new
threshold will apply.
||Sets the max score for a threshold.
Note: The properties
restrict the values of Likelihood and Significance to 1-10.
Therefore it is not beneficial to create Likelihood or
Significance thresholds for max values greater than 10 or Score
thresholds for max values greater than 100.
Note: * indicates a mandatory field.