Potential Issues with Risk Assessment

While the Risk Radar app uses a standardized weighting system to calculate risk scores, there may be cases where this approach doesn’t perfectly align with your team’s specific needs or the nature of your tasks. Here’s what you need to know:

1. Standard Weighting System

The app assigns weights to each of the three risk factors:

Likelihood (Probability of an Issue): Given higher importance, as it directly affects whether a risk will occur.
Impact: Considered significant, but if the likelihood is low, the overall risk is reduced.
Difficulty to Fix: Adjusts the risk level—easier fixes lower the risk, while harder fixes increase it.

This system works well for most common scenarios, but it may not always fit your team’s unique requirements.

2. When the Standard System Might Not Fit

In some cases, the default weighting might not accurately reflect the risk level for your specific tasks. For example:

Your team might prioritize Impact over Likelihood for certain types of issues.
The Difficulty to Fix might play a smaller or larger role in your risk assessment process.

3. Customizing the Risk Assessment

If the default calculation doesn’t suit your needs, you can manually adjust the risk values. Here’s how:

After filling out the risk assessment, check the Add Comment box before saving the issue.
When you reopen the issue, you’ll see the saved values and the calculated risk level displayed as a comment.
Click Edit to customize the values and fine-tune the risk level to match your team’s needs—or your own perspective.

4. Why This Flexibility Matters

Tailored Assessments: Customize the risk score to reflect your team’s priorities—or your own perspective.
Better Decision-Making: Adjust the risk level to match how your team (or you personally) views the issue. It’s about aligning the numbers with real-world insights.
Transparency: The comment feature keeps a record of the original and adjusted values, providing clear context for future reference.

5. Example Scenario

Imagine a task where the default calculation suggests a Medium Risk (score: 5.5), but your team believes the Impact is higher than the system accounts for. By editing the values and adjusting the score, you can reflect this in the final assessment, ensuring it aligns with your team’s judgment.

6. Conclusion

While the standard weighting system provides a solid foundation for risk assessment, the ability to customize values ensures that Risk Radar remains flexible and adaptable to your team’s unique needs. Use the Add Comment and Edit features to fine-tune the risk level and make the tool work best for you!