Assessing a Project
A first assessment of a project takes place with the definition of the business case of the project; you can specify the deliverables, the dependencies with other ideas or risks, the costs, the benefits, the risks.
The business case elements can be defined on project demand, and subsequently completed. For more details, see Defining the Business Case of a Project.
Once the project characteristics are defined, an evaluation tool facilitates the selection of projects and helps define priorities.
The demand managers can assess the projects:
• At the level of the project, via:
• the qualitative review of the project (business value, level of strategic alignment, etc.)
• the assessment of the project risks
• according to qualitative and quantitative criteria defined in the project portfolio. See Assessing Portfolio Projects.
Assessing a Project
An assessment can concern a project demand or a candidate project.
To assess a project:
1. Click the navigation menu, then the Transformation pane.
2. In the navigation pane, click Projects.
3. In the edit window, click Projects and display all the projects.
4. Select the project concerned and in the Action column, click Properties 
5. In the properties window, click the drop down-list and select Project Assessment.
6. In the Assessment section, click New Assessment.
An assessment line appears.
7. In each corresponding column, specify:
• the business value level
• the strategic alignment level
• the cost level
• the global risk level
To validate the assessment, select the assessment line and click Validate Assessment.
The Project Note attribute visible on a portfolio is calculated automatically based on these values.Assessing the Risks of a Project
Assessing the risks of a project can start on project demand. This can take place globally on the project (in the Project Assessment) or for each risk associated with the project (in Risk Assessment).
To assess the risks of a project:
1. Click the navigation menu, then the Transformation pane.
2. In the navigation pane, click Projects.
3. In the edit window, click Projects and display all the projects.
4. Select the project concerned and in the Action column, click Properties
5. In the project properties window, click the drop down-list and select Risk Assessment.
6. Click New Assessment.
7. In the window that appears, select the risks to be assessed.
• Some
• All
8. Click OK.
The assessment appears in the properties window.
You can define:
• TheImpact: characterizes the impact of the risk when it occurs.
• The Likelihood: characterizes the probability that the risk will occur.
• The Inherent Risk Level: The inherent (or gross) risk indicates the risk to which the organization is exposed in the absence of measures taken to modify the likelihood of occurrence or impact of this risk. This is the result of multiplying the impact value and the likelihood value before taking account of risk prevention or reduction measures.
In summary, an inherent risk = impact x likelihood
It is calculated automatically.
In summary, an inherent risk = impact x likelihood
It is calculated automatically.
• The Control Level: The Control level characterizes the efficiency level of control elements deployed (controls) to assess the risk.
• The Net Risk Level: the residual (or net) risk indicates the risk to which the organization remains exposed after management has processed the risk. This is the difference between the Inherent Risk and the Control Level. It is calculated automatically.