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Status Not Planned
Categories Risk and Compliance Management
Created by Guest
Created on Jul 2, 2021

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Risk Module - Additional Scoring Methodology

Current, Risk Score = Likelihood x max{ Severity(1), Severity(2), Severity(3)..}

This understates the risk quantum where multiple domains of severity are hit. Please add additional scoring methodology as follows:

Score = Likelihood x { Severity(1) + Severity(2) +…}
  • ADMIN RESPONSE
    Feb 23, 2024

    Thank you very much for posting your feedback. At this time, we will not be adding this request to the near-term backlog. However, we re-evaluate requests every quarter and will reach out if priorities change. Please keep the feedback coming as it is critical for our longer-term planning.

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  • Guest
    Reply
    |     Sep 7, 2022
    Thanks for your feedback. We don't have this improvement on our roadmap right now, but we'll monitor this idea for interest from other clients.
  • Guest
    Reply
    |     Sep 7, 2022
    Alternative option Score = Likelihood x (Max Severity) ^2 [If you like statistics, the variance of the compound Poisson process explains why the square should be used]