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TABLE 6.2 Risk Impact Scale (continued)

Objectives

Low-Low

Low

Medium

High

High-High

Cost

No significant

Less than 6%

7-12% increase

13-18%

More than

impact

increase

increase

18% increase

Time

No significant

Less than 6%

7-12% increase

13-18%

More than

impact

increase

increase

18% increase

Quality

No significant impact

Few components impacted

Significant impact requiring customer approval to proceed

Unacceptable quality

Product not usable

Assessing Probability and Impact

The idea behind both probability and impact values is to develop predefined measurements that describe what value to place on a risk event.

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