Risk Assessment
Risk assessment determines how significant each risk is by evaluating its probability and impact.
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
| Level | Description |
|---|---|
| Remote | Very unlikely (< 10%) |
| Low | Unlikely (10–30%) |
| Medium | Possible (30–60%) |
| High | Likely (60–80%) |
| Very High | Almost certain (> 80%) |
Impact Scale
| Level | Description |
|---|---|
| Minor | Minimal effect on project |
| Moderate | Noticeable effect, manageable |
| Major | Significant impact on scope, time, or cost |
| Critical | Project-threatening impact |
Inherent vs. Residual Risk
- Inherent risk: Risk level before any response actions
- Residual risk: Risk level after response actions are applied
Both are tracked so you can measure the effectiveness of your risk responses.
Assessment History
Every assessment is saved with a timestamp and assessor name, creating an audit trail. See Assessment History for details.