Calculate Risk Potential

Explanation

This activity is used to calculate the risk potential for a particular reported incident.

Prerequisites

In order to perform this activity:

• The Incident is required to be already registered in the system.
• Descriptions and values of frequency, severity and probability of risk are required to be already defined in the Risk Potential Basic Data window.

System Effects

There are no system effects.

Window

Incident

Related Window Descriptions

Incident

Procedure

1. Open the Incident window and search or populate to find the relevant reported incident.
2. Go to the Cause Analysis tab and Incident Risk Assessment section.
3. In the Probability field, select the description of the risk likelihood from the list of values. The corresponding probability value shows in the Probability Value field.
4. In the Frequency field, select the option specifying the frequency of risk occurrence from the value list. The corresponding frequency value shows in the Frequency Value field.
5. In the Severity field, select the description for the severity of risk from the list of values. The corresponding severity value shows in the Severity Value field.
6. Save the information. Note that the risk potential is calculated from all values in the risk calculator and shown in the Risk Potential field.