Risk assessment

First you can indicate what kind of risk this is: an operational risk; a financial risk; a risk for your objectives; a risk for your reputation; or another kind of risk.

Then you can indicate how serious you think this risk is, using two parameters. First, you assess how likely it is that this risk will occur in the course of your project. You can select one of four degrees of likelihood by clicking on the drop-down list:

Then you indicate what the impact would be should this risk occur:

1. The impact is unknown
2. The impact would be very low: routine procedures would be sufficient to deal with the consequences should this risk occur
3. The impact would be low: this risk could threaten goals and objectives, and thus may require constant monitoring
4. The impact would be high: if it occurs, this risk would threaten the achievement of goals and objectives, and thus may require review of the entire project
5. The impact would be very high: when this risk occurs, it would prevent achievement of goals and objectives.

Once you've indicated the likelihood and the potential impact of the risk, Logframer will calculate the Risk level percentage.