Risk Matrix

Note: The values that you can select in a new Consequence record are determined by the

MI_RISK_CONSEQUENCE System Code Table

.

c. In the Alias box, if the 

Use Aliases? check box

 is selected in the associated Risk Matrix record,

specify a value that you want to appear on the Risk Matrix in the column header along with the

consequence name.

d. In the Consequence box, enter a number to indicate the severity of the consequence.

e. Select 

.

Your changes are saved and can be 

viewed in the matrix on the Risk Matrix Preview window

.

Add a Probability

About This Task

Note: You should not create more than ten Probability records within a given Risk Matrix configuration.

Creating more than ten Probability records will cause the Risk Matrix to become visually unusable (for

example, it will contain scroll bars, and the cells and text will be too small to read easily).

Procedure

1.

Access the Probability records associated with a Risk Matrix.

2. In the Probability heading, select 

.

An options menu appears.

3. If a Probability record already exists for the probability you want to associate with the Risk Matrix:

a. Select Link Existing Record.

The Search window appears.

 

 

©

 2020 General Electric Company

 

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b. Enter search criteria to locate the record that you want to associate with the Risk Matrix.

c. Select the record, and then select OK.

-or-

If a Probability record does not already exist for the probability you want to associate with the Risk

Matrix:

a. Select Add New Record.

A blank datasheet for the new Probability record appears.

b. In the Name box, select a name from the list.

The Description box is populated automatically with the description that corresponds to the name

value that you selected.

Note: The values that you can select in a new Probability record are determined by the

MI_RISK_PROBABILITY System Code Table

.

c. In the Alias box, if the 

Use Aliases? check box

 is selected in the associated Risk Matrix record,

specify a value that you want to appear on the Risk Matrix in the column heading along with the

consequence name.

d. In the Probability box, enter a number to indicate the likelihood that the risk will occur.

e. Select 

.

Note: The Failure Interval and Failure Interval Units values are used only for a specific workflow

within the Asset Strategy Optimization module.

Your changes are saved and can be 

viewed in the matrix on the Risk Matrix Preview window

.