iPE Help

Viewing your Risk Register

Updated on

Explains how user can view risks

List Risks

When you open the risk application you will see a list of risks, optionally filtered by project or proposal. Learn more about changing columns and filtering the data to search for your own risks.

While you can select your own columns, the information shown in the screen shot above includes:

  1. The description of each risk
  2. The anticipated probability or chance of that risk occuring
  3. The anticipated cost impact (cost increase) that will result if the risk is in fact triggered
  4. The overall impact is calculated from the higher of cost, schedule or performance impact (schedule and performance impact are currently hidden columns)
  5. The combination of probability and overall impact puts your risk into a heat-map for your proposal/project's risk policy. The heatmap band or color is shown in the "Heatmap" column of the risk register
  6. The weighted cost impact or probability times cost impact (and times overall severity for some risks) is the amount you should reserve for the chance of this risk occurring
  7. The cost impact (#3) and resulting weighted cost impact (#6) can be in a local currency, assigned as the risk is set-up. All risks for a given project or proposal have a weighted cost impact in the primary company currency owning that project or proposal,. converting using either SAP exchange rates or exchange rates you maintained in that proposal. The project reserve is in this same currency
  8. The selected response to this risk is also shown above.

Proposal Risks

You can also see risks specific to one proposal, project or estimate in each respective (proposal, project or estimating) application. For example in your proposal click on the RISKS tab highlighted below to show that proposal's risks. The table which is displayed is broadly the same as the overall risk register shown above, only risks for the specific proposal, project or estimating WBS are shown

 

  1. The same columns as the risk application search or list are displayed with your own option to add/remove columns and save table layouts. In these applications risk, issues and opportunities are grouped by type (risk, issue or opportunity) with the weighted cost impact in primary company currency summed by type
  2. Cost and other impacts, weighted cost impact and weighted cost impact converted to primary company currency are all available
  3. If you expand the header bar by clicking that arrow you will see a summary heat-map with counts of the number of risks falling into each cell or band of the heat-map.

Proposal or Project Risk Heat-map

The proposal or project heat-map shows the total count or number of risks falling into each band of your risk or opportunity policy, as shown below.

Once you show the heat-map you have the option to filter out or hide specific risks by checking and unchecking the colored "bands" you wish to include or exclude. As you uncheck the colored bands, risks pertaining to the unchecked bands disappear from the table below this display.

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