Settings – Risk Assessment – Calculations

The Risk Calculations enable users to set up the calculations for Initial, Current/Revised and Future risk assessments.

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 Edit to modify any minimum and maximum values present.

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.