Risk Scoring Formulas

Configure how risk scores are calculated in your workspace.

What are Formulas?

Formulas define how assessment field values combine to produce a risk score.

Risk Score = f(Field1, Field2, ..., FieldN)

Managing Formulas

Navigate to Risks → Settings → Score Formulas

Create a Formula

1. Click New Formula
2. Enter formula details:
   • Title — Formula name
   • Description — What it calculates
3. Build the formula expression
4. Configure risk level mappings
5. Save

Formula Builder

Build formulas using:

Element	Example
Fields	Likelihood, Impact
Operators	+, -, ×, ÷
Numbers	0.5, 10
Parentheses	(a + b) × c

Example Formulas

Simple Multiplication

Likelihood × Impact

Weighted Average

(Likelihood × 0.4) + (Impact × 0.6)

Complex Formula

((Likelihood × Impact) + (Financial × 0.3)) / 2

Risk Level Mappings

Map score ranges to risk levels:

Score Range	Level	Action
20-25	Critical	Immediate action required
15-19	High	Priority treatment
10-14	Medium	Plan treatment
5-9	Low	Monitor
1-4	Very Low	Accept

Configuring Mappings

1. Open a formula
2. Go to Risk Levels tab
3. Set score ranges for each level
4. Assign colors
5. Save

Assessment Fields

Formulas use assessment fields as inputs.

Managing Fields

Navigate to Risks → Settings → Score Fields

Create a Field

1. Click Add Field
2. Configure:
   • Name — Field identifier
   • Label — Display name
   • Type — Scale type
   • Min/Max — Value range
3. Save

Field Types

Type	Description
Scale	Numeric scale (e.g., 1-5)
Dropdown	Predefined options
Number	Free numeric entry

Default vs Active

• Default Formula — Used for new assessments
• Active Formulas — Available for selection

Set a formula as default:

1. Open the formula
2. Toggle Set as Default
3. Save

Best Practices

1. Keep it simple — Complex formulas are hard to explain
2. Document rationale — Explain why you chose the formula
3. Test thoroughly — Verify calculations before using
4. Align with methodology — Match your risk framework
5. Review periodically — Formulas may need adjustment

Next Steps

• Risk Assessments — Use formulas in assessments
• Admin Guide — Organization-wide settings