Risk Assessment
Risk assessment evaluates each risk on two dimensions — probability and impact — to produce a risk level. Lydaro tracks both inherent risk (before any response) and residual risk (after responses are applied), so you can measure whether your treatment is working. Every assessment is saved with a timestamp, creating an immutable history.
How assessment works
Lydaro uses a two-dimension assessment model:
- Probability: How likely is the risk to occur?
- Impact: How severe would the consequences be?
Together, these produce a risk level (High, Medium, or Low) that appears on the Risk Register.
Probability scale
| Label | Approximate likelihood |
|---|---|
| Rare | Very unlikely (< 10%) |
| Unlikely | Unlikely (10–30%) |
| Possible | Possible (30–60%) |
| Likely | Likely (60–80%) |
| Almost Certain | Almost certain (> 80%) |
Impact scale
| Label | Description |
|---|---|
| Insignificant | Minimal effect on project |
| Minor | Noticeable effect, manageable |
| Moderate | Significant effect on scope, time, or cost |
| Major | Substantial impact requiring escalation |
| Catastrophic | Project-threatening impact |
Inherent vs. residual risk
- Inherent risk: The risk level before any response is applied
- Residual risk: The risk level after responses are applied
Both are tracked so you can measure whether your response strategy is working.
Assessment history
Every assessment is saved with a timestamp and assessor name, creating an audit trail. You can download the full assessment history via Export Reports.