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Risk Category

 
Risk Category defines the likelihood and consequence groups used to assess the risk. Each Risk Type must be associated with at least one Likelihood Category Type and one Consequence Category Type to set the axes of the risk matrix. Therefore, you will have no less than twice as many records in the Risk Category node than you do in the Risk Type node. Likelihood categories define the Y-axis in the Risk Matrix tab while consequence categories define the X-axis.
 
Records from this node populate the Likelihood Category and Consequence Category pull-down menus on the Risk form in RAM. Name provides the pull-down option, while Description gives the hover hint for each. The Name element must be filled in prior to completing the Risk Category Description node. Each record must be associated with a Risk Type and a Category Type prior to being available in the RAM user interface.
 
 
Common examples of likelihood categories include:
These can be associated with any Risk Type.
 
Common consequence categories for typical Risk Types are listed below.
Project are those categories associated with a project’s ability to complete as contracted:
 
Mission categories are associated with the organization’s ability to meet performance requirements:
 
Program categories are associated with the organization’s ability to perform within constraints:
 
Business categories are associated with the organization’s ability to generate or retain business:
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