Risk Events can be created in a number of ways:
•Directly on the Risk Tab of the Asset Form. Using this method, you can select from a list of Standard Risk Events or you can create an ad-hoc Risk Event simply by typing a description of the Risk Event onto the form
•Importing them using a CSV file.
•Use the ‘Autocreate’ function available in the Standard Risk Event
The Risk Analysis associated with a Risk Event is executed at any time 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.
Once created, the ‘Manage Risk Scores tool can be used to manage existing Risk Events. This tool is available by selecting Tools>System Tools>Recalculate Risk Scores.
The ‘Manage Risk Scores’ tool provides a mechanism to recalculate the Risk Scores for a filtered set of Risk Events. The tool provides options that control whether the recalculation resets the Consequence Scores and/or the Probability of Failure based on the defaults set in the Standard Risk Events.
Clicking the Manage button on the ‘Manage Risk Scores’ tool opens a filtered list of Risk Events. The list can be used to selectively export the Risk Events to a csv file which can be used as the basis of an update file, or delete a selection of Risk Events.