8/18/2019 Formula to Calculate Risk

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Formula to calculate risk 

 This is a discussion on Formula to calculate risk  within the Excel Questions forums, part of the QuestionForums category; Hello, I'm trying to use excel for a risk assessment and am struggling to get the correctformula to calculate ...

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8/18/2019 Formula to Calculate Risk

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Formula to calculate risk

Hello,

I'm trying to use excel for a risk assessment and am struggling to get the correct formula tocalculate the risk rating from conce:uence and likelihood.

I ha/e a worksheet

- Consequence Likelihood Inherent Risk Level

1

6

5

?

@

>olumns $ and ! are exclusi/ely drop lists4$ A 'InsigniBcant', 'inor', 'oderate', aCor' and '>atastrophic'.! A '#are', '"nlikely', ')ossi%le', 'ikely', '$lmost >ertain' and 'Dcuring ow'.

 The issue that I ha/e is automatically populating column > on the %asis of information incolumns $ and ! from a matrix in another worksheet is 'ow #isk'. The matrix from & E F

>atastrophic High High *ery High Extreme Extreme Extre

aCor edium edium High *ery High Extreme Extre

oderate edium edium High High *ery High *ery

inor ow ow edium edium High High

InsigniBcant ow ow ow edium ediumedi

#are "nlikely )ossi%le ikely$lmost

>ertain

Dccu

8/18/2019 Formula to Calculate Risk

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Ideally, I would like to retain the formatting from , although this is only Bllcolour and could %e done with conditional formatting if not possi%le in another way.

I'm conBdent this is possi%le G especially %y someone with a %etter knowledge of excel thanme G pro%a%ly using a *DD") formula. I'd prefer to not use code if a%le.

 Thanks for any assistance in ad/ance.

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8/18/2019 Formula to Calculate Risk

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me " probably using a $%&&'() formula I!d prefer to not use code if able

*hanks for any assistance in ad+ance

 ou can get the /alue :uite simply using I&EJ and $T>H Try this formula in >1

AI&EJ'

8/18/2019 Formula to Calculate Risk

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-5,6-5

#e4 Formula to calculate risk

&itto G index is great for this. This was my mockup, showing results for aCorG)ossi%le, inorG$lmost >ertain, and >atastrophicG"nlikely4

 The Formula in >1 is an Indexatch=, atch== structure as in the last post4AI&EJK!K@4KK-2,$T>H$1,K$K@4K$K-2,2=,$T>H!1,K!K--4KK--,2==

 The two match arguments are used to Bnd the row and column of the data grid, and indexplots the cell location.