How is Average Project Risk Calculated?

A project's Average Project Risk is the average calculation the indicators specified for the evaluation type Project Risk:

• Duration: Risk resulting from the tendency that longer projects fail more often. This might be due to staff turnover or the complexity of work typical for longer projects.
  • 1- Very High (> 18 months)
  • 2- High (12 - 18 months)
  • 3- Medium (7 - 11 months)
  • 4- Low (3 - 6 months)
  • 5- Very Low (<2 months)
• Team Size: Risk resulting from the team size of the project team. The larger the team, the more considerable are coordination and communication efforts.
  • 1- Very High (> 50)
  • 2- High (20 - 50)
  • 3- Medium (10 - 19)
  • 4- Low (5 - 9)
  • 5- Very Low (<5)
• Technology Adoption: Technology adoption risks are measured by the availability of in-house competence for the technologies dominant in the project. The more new technologies that are used, the higher the risk.
  • 1- Very High (new technology in prototyping)
  • 2- High (new technology with experienced partner)
  • 3- Medium (new version of familiar technology)
  • 4- Low (in-house familiarity)
  • 5- Very Low (in-house expertise)