Risk Register (Risk Events)

Risk events are discrete events (threats or opportunities) that carry both a probability and a potential cost/schedule impact to the project. They are typically captured and modeled in a risk register.

When you perform a risk analysis, you start by entering the risks into the risk register and assessing the probability of the risk occurring as well as the impact that you feel it will have on the schedule and cost. Acumen uses the probability indicator, together with either the cost or schedule risk impact (whichever is higher), to score and color-code the risk. The color coding allows you to easily see the different risk levels and the scoring allows you to prioritize risks.