Consequences of Failure are a component of the Conquest Risk Module.
Consequence of Failures are system wide parameters that are used to score the consequences of a Risk Event. All Risk Events have the same Consequences of Failure.
A Consequence of Failure consists of:
•A description
•A Code Set for scoring
•A weight. The weights are used to calculate a weighted average of the Consequences of Failure. The weighted average of the Consequences of Failure for a Risk Event is its Risk Consequence.
A multiplier is provided to convert the Risk Consequence to a Risk Cost.