Project Management - Impacts - Risks

Impacts – Risks

Module: Project Management → Impacts → Risks

Impact Risks define the severity levels specifically associated with risk events, helping teams understand the potential consequences if a risk materializes.
These values complement Impact Levels, Probabilities, and Priorities, forming a complete risk evaluation framework.

Each record in this section represents one impact severity level used in risk assessment.

Access Path

Control Center → Project Management → Impacts → Risks

1. Purpose of Impact Risks

Impact Risks allow project teams to:

• Evaluate how severe a risk consequence can be
• Standardize risk impact scoring across different projects
• Support calculated risk assessments (e.g., Risk = Impact × Probability)
• Improve comparability in risk dashboards and heatmaps
• Provide clarity to stakeholders when analyzing risk exposure

These values help ensure risks are assessed objectively and consistently.

2. Impact Risks List

The list displays all configured impact severity levels that can be applied when evaluating risks.

Typical columns:

• Name – Impact severity label
• Description – Clarifying explanation
• Company – Scope (Tenant-Wide or company-specific)
• Score – Numeric impact weight

Available actions:

• Add a new impact risk
• Edit or delete existing records
• Sort and filter the table
• Export data for reports or audits

3. Adding an Impact Risk

Click Add Impact Risk to open the entry form.

3.1 Required Fields

3.2 Optional Fields

Note:
Numeric levels help calculate risk magnitude when combined with probability scores.

4. Example Impact Risks

The records displayed in the system are only example values used for demonstration purposes.
Organizations are expected to customize names, descriptions, and scores according to their internal methodologies.

The records provided are illustrative but reflect a typical severity scale:

• Minor – Very low impact
  Description: Risco baixo
  Score: 1

• Low – Low consequence
  Description: Risco baixo
  Score: 3

• Medium – Moderate or noticeable impact
  Description: Risco Médio
  Score: 5

• High – Significant or elevated impact
  Description: Risco elevado
  Score: 8

• Critical – Severe impact with major consequences
  Description: Risco Elevado
  Score: 10

💡Tip Organizations can adjust naming conventions, descriptions, and scores based on internal methodologies.

5. How Impact Risks Affect Project Management

Impact Risks directly affect:

• Overall risk scoring
• Prioritization of mitigation strategies
• Escalation rules (e.g., Critical risks may require immediate action)
• Risk matrix placement
• Reporting in dashboards and risk reviews
• Portfolio-level risk exposure visibility

They help teams understand the potential magnitude of each risk.

6. Recommendations

• Use a clear and consistent naming scale (Minor → Low → Medium → High → Critical).
• Ensure numeric values increase with severity.
• Avoid duplicate levels or inconsistent translations.
• Keep the scale intuitive to support fast decision-making.
• Review levels regularly to align with corporate risk policies.

7. Summary

Impact Risks define how severe a risk could be if it occurs.
They are essential for:

• Accurate risk scoring
• Consistent assessments across teams
• Clear reporting and heatmap visualization
• Better prioritization and governance

A well-structured set of impact risk levels strengthens the entire risk management process.

Related Articles

Project Management – Impacts - Levels
Project Management – Impacts - Risks
Project Management - Impacts - Categories
Project management - Impacts - Probabilities
Project Management – Status – Risks
Project Management – Project Types