1. In the Advanced Tab, select the Analysis Justification field. Input the appropriate text.
2. The overall priority of a risk is defined through the risk profile. The priority value is assigned to a color, allowing for easy recognition of risk priorities. The risk priority also appears in the Diagram Frame next to the selected risk.
3. The residual risk models the remaining risk after controls have been applied. The residual risk pulls its values from the controls assigned to mitigate the risk. The impact and likelihood of the controls are subtracted from those of the gross risk. The impact value represents the potential scope of consequences that can arise should a specific risk occur. The likelihood value represents the probability of a specific risk manifesting negative consequences. These two values determine a gross risk score, which is calculated through the risk profile. In order to view the residual risk values, controls must be related to the risk through the controls tab.
4. The combined residual risk percentage value is determined through the residual risk impact/likelihood values and the gross risk impact/likelihood values. The residual risk percentage calculates the percentage of the remaining risk that has been mitigated by all applied controls.
5. Select Override automatic roll-up to manually set the residual risk.
To disable the advanced tab of risks, see Analysis Lock.
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