Risk Mitigation Efficiency is the ratio of difference of Total No. of Risk identified for mitigation and Total No. of Risk mitigated but occurred to Total No. of Risk identified for mitigation. This metric helps to mitigate risks and take further actions.
Risk Mitigation Efficiency is calculated as overall project level.
Risk Mitigation Efficiency is calculated as overall project level.
How to calculated Risk Mitigation Efficiency:
Risk Mitigation Efficiency % = (Total no of Risks Identified for mitigation – Total No. of Risk mitigated but occurred) / (Total no of Risks Identified for mitigation) * 100
Total no. of Risks Identified for mitigation
|
Total No. of Risk mitigated but
occurred
|
Risk Identification Efficiency %
|
5
|
1
|
80
|
Risk Mitigation Efficiency % = (5-1) / 5 *100
= 80 %
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