iPE Help

How to Determine the Risk's Probability

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Explains how to define likelihood of a risk occurring

Probability of Occurrence

The probability of a risk in the ASSESSMENT tab is the % chance or likelihood that this specific risk will occur. It is your best-guess taking into account a pragmatic view of inter-dependent or co-depending activities occurring which may trigger or avoid this risk.

Select the radio button for the most likely probability of this risk occurring. This is required input in order to calculate the weighted cost impact of your risk. Refer to your company's risk policy if required.

  1. As well as the probability enter the date when you anticipate the risk will trigger. This is also a best-guess based on the most-likely scenario
  2. If you maintained planned start or end dates on your WBS in the proposal or project you may use the link to "Inherit WBS Dates" from the WBS into your risk, with the start date taken as the trigger date. You can still edit inherited dates

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