How To Create and Manage Risk Events

Create Risk Events in any of the following ways:

•      Directly on the Risk Tab of the Asset Form, select from a list of Standard Risk Events

•      Directly on the Risk Tab of the Asset Form|topic=Asset Form - Risk Tab;document=Documents\Conquest III Reference.docx , create an ad-hoc Risk Event simply by typing a description of the Risk Event into the Form

•      Importing Risk Events using a CSV file

•      By ticking the Autocreate checkbox available in the Standard Risk Event

Note: The Risk Analysis performed on a Risk Event is repeated, whenever the Risk Event is edited.  However, Probabilities of Failure that are auto-calculated based on other Asset data, are not recalculated, when the underlying parameter changes, e.g. Remaining Useful Life.

Use the Manage Risk Scores tool to manage existing Risk Events, which is available in the Navigation panel, Tools > System Tools > Recalculate Risk Scores item.

Use the Manage Risk Scores tool to set options, to control whether its recalculation resets the Consequence Scores and/or the Probability of Failure, based on the defaults set in the Standard Risk Events.

Use the Filter button to create a Filter of Assets for the recalculation.

Use the Manage button to open a filtered list of Risk Events, which can then be used to selectively export them to a csv file for later use as the basis of an update file, or to delete a selection of Risk Events.