Overview
Configure RAID in Kiplot for effective Risks, Assumptions, Issues and Dependencies management by establishing the global template that will be applied all RAID items within your workspace. For more information on how RAID works within the portfolio see the Managing RAID help page. You can update the configuration of RAID items on the RAID tab on the configuration page.
Risks and Issues
Optional fields
Administrators can configure which of the following optional fields are available on all Risks and Issues in the portfolio.
Name | Type | Description |
|---|---|---|
Action date | Date | Date when the mitigating action is due. |
Action RAG Status | Dropdown | The qualitative status of the mitigating action. |
Critical date | Date | Date when the resolution of a risk becomes critical. |
Impact date | Date | Date when the impact materializes. |
Theme | Dropdown | Theme or area that the risk/issue impacts. |
Risk/Issue score
Once you’ve entered a risk against an initiative, a score is calculated from the Impact and Probability properties of the Risk/Issue. The score is a calculated field that combines the impact score and the probability score.
Score = Impact Score x Probability Score
Impact Score is a configurable score with a default of 1 to 5
Probability Score are configurable scores that group probability percentages from 0% (0.0) to 99% (0.99)
Probability Percentage for Issues is always 100%
The score is rounded to the nearest whole number
Default Impact levels
Insignificant
Minor
Moderate
Major
Severe
Default Probability levels
The Probability Percentage for Issues is always 100%. Within the Risks and Issues log on an initiative, the probability percentage value is translated to a probability level from 1 to 5
Percentage | Default Level |
|---|---|
0% | No Level |
1%-10% | 1 – Very Unlikely |
11%-35% | 2 – Unlikely |
36%-65% | 3 – Possible |
66%-90% | 4 – Likely |
91%-99% | 5 – Very Likely |
Risk/Issue score examples:
This table is designed to show how the risk scoring works. It contains some arbitrary examples of risks with impact and probability multiplied together to reach a score.
Impact | Impact Score | Probability | Probability Level | Calculation | Risk Score | |
|---|---|---|---|---|---|---|
Example 1 | Insignificant | 1 | 70% | 4 (Likely) | 1 x 4 | 4 |
Example 2 | Moderate | 3 | 15% | 2 (Unlikely) | 3 x 2 | 6 |
Example 3 | Severe | 5 | 95% | 5 (Very Likely) | 5 x 5 | 25 |
Example 4 | Moderate | 3 | 50% | 3 (Possible) | 3 x 3 | 9 |
Assumptions
Enable Assumptions
Activate assumption logging to begin tracking assumptions for your initiatives. Navigate to the RAID tab on the configuration page and toggle on the assumption logging option.
Define Assumption Themes
Establish assumption themes to categorize and organize assumptions for improved reporting. Define and configure your assumption themes within the RAID tab of the configuration page.
Add and manage options by pressing the gear next to the theme field. To add a new option, press the “Add option” button and fill in the name of the option.
You can disable an option by pressing the gear next to the theme field and using the toggle next to the option you want to disable. Disabling an option will prevent users from using this option in the future. Assumptions that are using this option will still have this option but display with a warning symbol.