Here, you can define a likelihood reference table. Similar to the consequence reference table this is meant to assist users in choosing a likelihood level for risks by illustrating the Likelihood Rating with an extended description. This tab enables Risk Managers to define and edit this grid.
STEP 1: Click Likelihood Table. Likelihood ratings defined within the Criteria area are listed on the left.
STEP 2: Click the Edit button and type in a description in the adjacent text boxes.
This will appear in the assessment areas as follows when assessing the criteria:
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