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/CPD/VRM_SEVE - Define Risk Impact

/CPD/VRM_SEVE - Define Risk Impact

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You use this Customizing activity to define multiple degrees of impact in risks.

Example

Even though the risk of an earthquake is of low probability in city A, it is classified with a high degree of impact on account of the losses that such an event could cause.

In the standard system, the following severities are delivered for risks and opportunities:

  • O1 1 Insignificant Benefit
  • O2 2 Minor Benefit
  • O3 3 Moderate Benefit
  • O4 4 Major Benefit
  • O5 5 Significant Benefit
  • R1 1- Insignificant Risk
  • R2 2- Minor Risk
  • R3 3- Moderate Risk
  • R4 4- Major Risk
  • R5 5- Catastrophic Risk






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