qualprod
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Hello everybody
I want to have your opinion when evaluating the impact of the risk.
Doing it in with no precision, we may apply
PxI, where P is a value, which normally is taken by references in the past, and Impact is a value of the perception of the negatives issues.
e.g. Risk value = 4 x 4 = 16 , that is the risk value.
However, I´ve tried to have a more precise value for impact, I´m considering this approach: proposing five aspects into any organization, assigning a value to each, and having an average value, it seems it would be a more precise evaluation, is as follows :
Aspects
1- Loss of contract
2- Negative impact on existing customers
3- Can´t comply contract terms
4- Not complying statutory regulations
5- Cost of reworking
In this case:
2+1+1+1+3= 8/5= 1.6, rounding to 2.
The value of 2 is very different to 4 (obtained initially) , and
Risk, 4x2 = 8 very low value.
Please give some comments on this issue.
Maybe there are other aspects which could be more important.
Thanks
I want to have your opinion when evaluating the impact of the risk.
Doing it in with no precision, we may apply
PxI, where P is a value, which normally is taken by references in the past, and Impact is a value of the perception of the negatives issues.
e.g. Risk value = 4 x 4 = 16 , that is the risk value.
However, I´ve tried to have a more precise value for impact, I´m considering this approach: proposing five aspects into any organization, assigning a value to each, and having an average value, it seems it would be a more precise evaluation, is as follows :
Aspects
1- Loss of contract
2- Negative impact on existing customers
3- Can´t comply contract terms
4- Not complying statutory regulations
5- Cost of reworking
In this case:
2+1+1+1+3= 8/5= 1.6, rounding to 2.
The value of 2 is very different to 4 (obtained initially) , and
Risk, 4x2 = 8 very low value.
Please give some comments on this issue.
Maybe there are other aspects which could be more important.
Thanks