Risk chart

A Risk chart is a graphical presentation of Risk factors and Function Risk factors in a Risk factor list or a Filtered list.

By copying a Risk chart to the Template model, you can link it to other objects across models, and thus use it across the system.

How to configure Risk charts in Configuration Studio

Each risk chart is a matrix with a specific size. The default matrix size is 5x5; however, you can configure also as 8x8 or 2x2.

You can define the size and layout of Risk charts in the Settings menu, in Global settings. Corporater BMP applies these settings to each risk chart.

 

Each cell in the chart appears as a square. You can assign a color to it by selecting that color from a predefined color range.

 

Corporater BMP plots each risk in a specific cell of the risk chart according to their Consequence x Probability values.

Risk factors whose Probability or Consequence value is zero don't appear in the chart.

If the value is below the first limit for a Function risk factor or below zero for a Risk factor, Corporater BMP estimates it as a zero and thus doesn't display the factor in the chart.

If the value is above the maximum limit for a Function risk factor or above the maximum dimension of the risk chart (such as above five in a 5x5 risk chart), Corporater BMP estimates it as the maximum Consequence or Probability value and displays the factor accordingly in the chart.

 

If the same cell contains multiple risks, Corporater BMP displays the risks next to each other in that cell.

For optimum display, Corporater BMP recommends you include only one or a small number of risks in each risk chart.

How to configure risk scales and risk scale items for Risk charts

Risk charts can include the following default scales:

• Risk

• Probability

• Consequence

Corporater BMP displays them for each chart based on the Factor type of the risk factors that are represented in that chart.

If the Factor type of any risk factor that's represented in that chart is 'Risk', Corporater BMP displays the Risk scale for that chart.

If the Factor type of any risk factor that's represented in that chart is 'Opportunity', Corporater BMP displays the Opportunity scale for that chart.

If the Factor type of any risk factor that's represented in that chart is 'Both', Corporater BMP displays both the Risk and the Opportunity scales for that chart.

 

Each scale includes a default number of 5 scale items. You can configure the name of each scale, the number of scale items, and the name of each item on a scale.

To configure them as global settings that apply to each risk chart across the system, use Global settings in the Settings menu.

To configure them as independent settings for specific risk charts, use the general properties in the configuration of each chart.

How to create a Risk chart in Configuration Studio

To add a Risk chart, right-click the element to which it belongs, choose Add -> Risk -> Risk chart.

Properties

General

• Name - the name "Risk chart" is generated automatically but it may be changed

• Description - an optional text describing the object, displayed when you click Description in the drop-down for the Risk chart

Configuration

• Table - click the icon to the right and choose the Risk factor list or Filtered list to use as basis for the chart. If a Filtered list is used, it must use Risk factor or Function risk factor in the Filter configuration. If no table is specified, the Risk chart will use the closest preceding or following Risk list as basis.

  If Table property is empty and the risk chart is put on a risk assessment with one risk Factor list containing multiple risk factors, it will show all the risk factors as a combined chart.

  However if there are multiple risk factor lists in the risk assessment, the risk chart shows only the risk factors in the closest (the one above) risk factor list.

  If it is put into a risk factor object it will chart that object only.

• Aggregated - select for Corporater BMP to display risk factors in the chart in aggregated form.

   If you select this option for a chart, when a user hovers over a cell in the chart on Web, if that cell includes multiple risk factors, the icon that displays for the cell includes the list and number or risk factors in that cell. Users can then select a risk from the list and perform data drilling on its data.

   Corporater BMP recommends you select this option if the chart contains a large number of risk factors.

• Marker text - the text to represent each risk factor in the chart.

  Click the Lookup button (  icon) and enter the text. The text can contain alphanumeric characters and dynamic (token) tags. You can select tags (properties) from the list of context variables.

   The tags mustn't include white spaces, especially between $ and {. For example, enter ${this.object.id} instead of  $ { this.object.id.

  To use a the system ID as a context variable, set the ID as visible for the Risk factor list or Filtered list.

• Show tooltips - deselect for Corporater BMP to hide the tooltips for the risks in the chart on Web.
   Corporater recommends you hide the tooltips if you:

  • Don't use the values of the risks in the chart.

  • Use numerical values that aren't linked to corresponding From probability property and From consequence property values as the probability and consequence of the risks in the chart.

Layout

• Auto size - mark to automatically fit the chart to the space available

• Height - the height of the chart in pixels (not used with Auto size)

• Chart centered - if checked, the chart is centered, if not checked the chart will be aligned on the left.

• Opportunity label - the name of the opportunity scale of the risk chart.

• Risk label - the name of the risk scale of the risk chart.

• Probability label - the name of the probability scale of the risk chart.

• Consequence label - the name of the consequence scale of the risk chart.

 The labels display for the risk chart only on Web.

 

Opportunity consequence label

• Very significant / Significant / Moderate / Small / Minimal - the name of the corresponding item on the risk chart's Opportunity scale.

   You can use text, numbers, and percentages for the labels.

  Corporater BMP applies the values that you enter in these fields to the risk chart instead of the standard labels for risk charts under Global Settings.

Risk consequence label

• Very low / Low / Moderate / Serious / Very serious - the name of the corresponding item on the risk chart's Consequence scale.

   You can use text, numbers, and percentages for the labels.

  Corporater BMP applies the values that you enter in these fields to the risk chart instead of the standard labels for risk charts under Global Settings.

Probability labels

• Very great / Great / Moderate / Small / Very small - the name of the corresponding item on the risk chart's Probability scale.

   You can use text, numbers, and percentages for the labels.

  Corporater BMP applies the values that you enter in these fields to the risk chart instead of the standard labels for risk charts under Global Settings.

Probability

• From probability property - the object property whose values Corporater BMP uses as the initial values for the probability of the risks in the chart.

• To probability property - the object property whose values Corporater BMP uses as the current values for the probability of the risks in the chart.

 The property that you select for From probability property and To probability property can:

• Be a standard or a custom property.

• Be of number property, function property, or list property type.

• Belong to a risk factor or another object type.

 Corporater BMP uses the values of the properties that you select for these options to calculate the probability of the risks in the chart and display a trend line as the indicator for the evolution of each risk on the chart on Web.

Corporater BMP determines the direction of the line based on the historical values of each risk.

 

Consequence

• From consequence property - the object property whose values Corporater BMP uses as the initial values for the consequence of the risks in the chart.

• To consequence property - the object property whose values Corporater BMP uses as the current values for the consequence of the risks in the chart.

 The property that you select for From consequence property and To consequence property can:

• Be a standard or a custom property.

• Be of number property, function property, or list property type.

• Belong to a risk factor or another object type.

 Corporater BMP uses the values of the properties that you select for these options to calculate the consequence of the risks in the chart and display a trend line as the indicator for the evolution of each risk on the chart on Web.

Corporater BMP determines the direction of the line based on the historical values of each risk.

 

The object properties that you specify as probability properties must be different from the consequence properties.

Lifetime

Layout

Visibility

Version 5.1.2.0

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