Risk and opportunity values are calculated by multiplying probability and consequence. Each consequence multiplied by probability has its own value. The matrix in the chart view, as well as the colours and description assigned to the risk and opportunity values, are configured in the value sets. A value set can be configured to analyse/ use both risk and opportunities on the same event. If separate analysis for risk and opportunities is preferred, two different value sets can be created.
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5. Click on one of the cells to define the colour and description for a risk value.
6. In the example provided on the page, a consequence value of 0 multiplied by a probability value of 5 results in 0, which is not considered a risk, and is therefore assigned the colour light green.
