Types of Risk Events

After the risk matrix has been defined, you can add risk events to the risk register.

Acumen Risk includes the following risk event types:

• A Threat is any event that may negatively impact the project. This risk can carry a probability of occurrence, the likely impact on schedule and/or cost.
• An Opportunity is any event that may positively impact the project. This risk can carry a probability of occurrence, a schedule impact and a cost impact.
• A Calendar Event is a discrete risk event that is tied to a certain period of time. This risk carries a time period (months of the year in which it could occur) as well as a probability of occurrence for each month. In addition, the minimum/most likely/ and maximum impacts can be included.
• A Risk Window is a time period that may cause a delay for the project. This risk carries a minimum/most likely/maximum time period of occurrence.