The application uses the highest value selected for the Cost and Schedule fields as the overall impact value. The Probability field and each impact field have these possible values: Very High, High, Medium, Low, Very Low, and Negligible. Two of these fields, Cost and Schedule, are known as the impact fields. The overall risk score based on the values you select for three fields: Probability, Cost, and Schedule.
The Help menu indicates how the Risk Score (both Pre-Response and Post-Response) is calculated: Please note that we have added the “Risks” tab in our Activity Details. We can also view the activities comprising this WBS element and their corresponding dates & budgeted cost. As you can see below, this portion of the project is currently scheduled to start on Jan. The image below illustrates the Design and Engineering WBS element (work breakdown structure). We want to document that if the customer changes the design of our Office Building Addition, the project may incur additional costs as well as schedule delays. We will document a possible risk to our project involving the Design and Engineering process. This tutorial demonstrates the process of using the Risk Management functionality in P6 R8.2. The “Risk Score” can then be used to help you evaluate the significance of the risk. P6 generates a “Risk Score” based on information that is entered for each risk. Additionally, you have the ability to record a risk response. Primavera P6 Release 8.2 Professional includes an integrated Risk Management feature that enables you to identify, categorize and prioritize risks, assign a responsible person for managing the risk, assign risks to one or more activities that may be impacted by the risk, and conduct qualitative analysis on each risk. Risks are uncertain events/conditions that have the potential to negatively (or positively) impact project objectives. Risk Management in Primavera P6 Release 8.2
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