Project risk and calculation of the Risk Priority Index
a) Risk Priority Number | |||||||||||
SEVERITY | OCCURANCE | DETECTION | = | RPN | |||||||
Unavailability of resources | 5 | 1 | 1 | = | 5 | ||||||
Inaccessibility to tools and materials | 1 | 1 | 1 | = | 1 | ||||||
Inability to use software | 4 | 3 | 5 | = | 60 | ||||||
Delays in the provision of information | 1 | 1 | 5 | = | 5 | ||||||
Variation of the project phases | 5 | 1 | 1 | = | 5 | ||||||
Interruption of project funding | 2 | 1 | 1 | = | 2 | ||||||
Change in project requirements | 5 | 1 | 3 | = | 15 | ||||||
Change in project requirements | 1 | 2 | 1 | = | 2 | ||||||
Poor participation and seriousness of the members | 1 | 1 | 3 | = | 3 | ||||||
Insufficient knowledge and skills of members | 5 | 3 | 3 | = | 45 | ||||||
b) Risk Matrix | |||||||||||
Probability Rating | 5 | Very High | 3 | 1 | 1 | ||||||
4 | High | ||||||||||
3 | Moderate | 1 | |||||||||
2 | Low | 1 | 1 | ||||||||
1 | Very Low | 1 | 1 | ||||||||
1 | 2 | 3 | 4 | 5 | |||||||
Very Low | Low | Moderate | High | Very High | |||||||
Impact Rating | |||||||||||
a) Risk Priority Number | |||||||||||
5 | 1 | 1 | = | ||||||||
1 | 1 | 1 | = | ||||||||
4 | 3 | 5 | = | ||||||||
1 | 1 | 5 | = | ||||||||
5 | 1 | 1 | = | ||||||||
2 | 1 | 1 | = | ||||||||
5 | 1 | 3 | = | ||||||||
1 | 2 | 1 | = | ||||||||
1 | 1 | 3 | = | ||||||||
5 | 3 | 3 | = | ||||||||
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