Define Probabilities

Explanation

This activity is used to establish probability levels and associated values to evaluate Risk Analysis.

Probabilities encompass a Probability Level ID, a probability level which describes what level is represented by the ID (e.g. Very Low, Low, Moderate, High, Very High), Probability Min and Probability Max which are the starting percentages and ending percentages respectively, assigned to each probability level and the Probability Weighting which is a numerical value between the Probability Min and Probability Max.

Prerequisites

None

System Effects