Adding risks to portfolio plans

IBM® Maximo® Real Estate and Facilities manages risk items and risk reviews in the context of a portfolio plan. This method adds risk planning and evaluation at the beginning of the evaluation processes. With this addition, risk is identified and evaluated as part of the recommendation and approval process.

About this task

The items in the Risks section can cascade to subplans that are child plans of this plan. In a child-level plan, Maximo Real Estate and Facilities copies from the parent plan risks that are indicated to be propagated. You can add risks to the Risks section.

Procedure

  1. From the Risks section of the portfolio plan, click Add.
  2. Complete the Planning Risk form.
    In the Risk Details section, the fields have the following meanings:
    • Risk Category establishes a grouping of risk planning objectives. By default, it is set to Strategic.
    • Risk Type establishes a subgrouping of risk planning items within a risk category. The aggregation of the risk type is the sum of the rating scores for the direct child plans of the risk type. The standard choices are Customer, Environmental, Financial, Operational, Portfolio, and Regulatory.
    • Propagation Rule establishes whether this risk is propagated to child portfolio plans. The values are All and No Propagation.
    • Default Threshold defines the appropriate minimum and maximum range of acceptable performance for this objective.
    • Importance Ranking is similar to a priority or a weighting factor, the Importance sets the relative ranking of this objective as compared with other objectives. The values are 1 – Low, 3 – Medium, and 5 – High. The ranking is used for scoring.
    • Importance is the importance ranking.
  3. Click Create to add the risk to the Risks section.
  4. Click Save to propagate the risk to subplans as indicated by the value of the Propagation Rule.