Hopex Aquila EN

Analyzing Risks

The aim of risk analysis is to obtain a good understanding of risks. You need to take into account:

• risk causes

• positive or negative risk consequences

The risk analysis phase associates a risk with:

• risk types

• risk factors

• consequences

• other risks

To analyze a risk:

1. See Listing Risks.

2. Select a risk and open its properties.

3. In the Characteristics tab, expand the Analysis section.

A risk is characterized by:

• Risk Types: for more details, see Risk types.

A risk type defines a risk typology standardized within the context of an organization.

• Risk Factors: for more details, see Risk Factors.

A risk factor is an element which contributes to the occurrence of a risk or which triggers a risk. Several Risks can originate from a same Risk Factor Examples: the use of a hazardous chemical product, the complexity of an application, the size of a project, the number of involved parties, the use of a new technology, the lack of quality assurance, the lack of rigor in requirements definition…

• Risk Consequences: for more details, see Risk consequences.

A risk consequence can be positive or negative. It is associated with a type, which enables its characterization, for example: image, environment, employees.

• Related Risks

The incidents related to the risk appear in the Incidents page of the risk properties.

Risk types

A risk type defines a risk typology standardized within the context of an organization.

A risk type enables risk characterization. For example, a risk type can be regulatory, legal, technical, etc.

To create your own risk types:

1. In the navigation bar, click Risks > By Risk Type.

2. Click New.

3. Enter the name of the risk type and click OK.

The new risk type appears in the navigator menu tree.

Similarly, you can create a sub-risk type from a risk type.

Risk Factors

Many risk factors are defined within the framework of international, national or inter-professional regulations, or within the enterprise itself.

With each risk, you can associate one or more risk factors, sources of risks that have intrinsic potential to endanger organization operation. For example, dangerous chemical products, competitors, governments, etc.

Risk consequences