Risk Settings – Calculations

This settings page lets you define the formula calculation for the risk rating and determine the appropriate minimum and maximum range for each rating. The operators and criteria codes captured in the criteria menu are listed below and can be used to define the formula (e.g. (L*C), (L+C)). Use L = Likelihood, C = Consequence along with standard mathematical operators: +, -, *, /, ().

Note: Individual heatmaps currently supports only the calculation: (L*C). The application will hide the heatmap for any complex formula given (complex formula = more than two criteria in the formula).

STEP 1: Click the Calculations tab.

Each phase of your assessment can be setup to calculate its risk rating in a different way. The tabs in this area will allow you to select the available phases which you can define risk rating calculations for.

The grid displays rows for each risk rating record you defined in the risk rating area.

Figure 1.1

STEP 2: Specify a formula using the 'Formula Syntax'.

Only the operators and criteria options in the Formula Syntax can be entered into the risk rating Formula but you may enter numerical figures within your formulae.

STEP 3: Click the Edit button to modify any minimum and maximum values present.

Figure 1.2

You must make sure that there are no gaps between the maximum values of a rating and the minimum value of the next highest rating. This will ensure that any combination of Risk Criteria will generate a Risk Rating.

STEP 4: Click the Save button at the top to save all changed details.

Notes:

While the 'Making the criteria non-compulsory' setting is ON, If the visibility of criteria is configured for a specific risk assessment stage and the same criteria is not used under the calculation configuration, the criteria is shown as an optional field in the user's rating grid.
There is no validation of the risk rating formula if the calculation results in a rating above or below the minimum and maximum values of the respective risk ratings. If a risk rating does not appear in an assessment after the correct fields have been selected and the assessment is saved, the risk rating formula must be adjusted.

If you are unsure of how to enter a formula, use the default formula provided by Camms.

Click on any additional phase tabs and repeat the above steps if you want to define different formulas for the calculation of their risk ratings.

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