easeRisk Concepts

Before managing easeRisk for Jira settings as an administrator, you should understand the key concepts ir supports:

• Risk - A Risk is represented by a Jira issue of a predefined Jira issue type. Risk properties like probability and impact are Jira custom fields assigned to the Risk issue type via Jira screen schemes. You can define more than one issue type to represents Risks if needed by your organization. For instance, you could have one issue type per type of risk - Financial Risk, Operational Risk, etc.

• Measure - A Measure is represented by a Jira issue of a predefined Jira issue type. A Measure is associated with a Risk via an issue link of a predefined issue link type. You can define more than one measure issue type. You can also define more than issue link types.

• Risk Scheme - A Risk Scheme is a bundle of options that tell easeRisk for Jira what it needs to know about your risk management solution. For example, which issue types are used to represent risks and measures. A Risk Scheme can be shared by many projects, ensuring that your organization is followed the accepted risk management practices.

• Default Risk Scheme - This is the Risk Scheme assigned by default to all projects that do not have a Risk Scheme explicitly assigned to them.

• Risk Matrix - A two-dimensional visualization of risks. Each Risk Scheme can define multiple matrices.

• Risk Formulas - A mathematical expression that sets the value of a numerical field based on one or more numerical fields of the same issue. For example, a Risk Formula might assign the result of multiplying risk impact and risk probability to a field that estimates risk exposure.

Administration Guide