MSP For Dummies by Alan Ferguson

Author:Alan Ferguson
Language: eng
Format: epub
ISBN: 9781118746387
Publisher: Wiley
Published: 2014-04-09T14:56:12+00:00

Proximity

You normally express risk in terms of two factors: probability and impact (as I explain in the earlier section ‘Getting risk clear: Basic phraseology’). Sometimes, however, a third factor is useful: a time factor ‒ the proximity. You use it when the risk is expected to occur at a particular time. So the severity of the overall impact of the risk varies depending on when the risk occurs.

Knowing the proximity and factoring it into the assessment of the risk has an effect on the urgency with which you take action, the nature of the response, what triggers the response and the timing of the response.

Proximity is particularly useful because a programme is likely to be long and some risks you identify aren't going to happen for a long time. If you give them a low proximity score, you record them but don't have to deal with them yet (check out the nearby sidebar ‘Getting IT right’ for a real-life example).

A statement such as ‘something happens once in every 12 months’ isn't a statement of proximity: it's a statement of the frequency of occurrence or another way of stating a probability.

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