In this video, I’m going to introduce automatic risk scoring in modern requirements for DevOps. Risk scoring is a process of calculating a score which could indicate how severe a risk is based on associated factors. It is one of the most critical parts of risk enhanced management. Risk scoring applies to almost every industry in their daily operation. A lot of project teams rely on manual efforts or tools like Excel to calculate risk scores. It is somehow a time consuming and risky process. Replacing manual work with automatic risk scoring brings a lot of benefits.

For a company like a medical devices company, it always leads to better regulatory obligations. Let’s look at a real risk scoring use case. In this scenario, risk rating is calculated based on severity score and occurrence score over risk factor. Occurrence scales from zero to a hundred percent, and severity scales from low to high. Based on different severity and occurrence, risk rating could be mapped to green, yellow, and red, which indicate the risk is acceptable, marginal, and unacceptable.

Now let’s go to modern requirements for DevOps to look at how we work on this use case. We have a risk factor here called signal loss. In our platform, it’s very easy to customize what properties you want to include here. In this case, we have severity score, occurrence score, risk score, escalate, and those texture type or properties. I have already configured automatic risk scoring by using MaTeCAL for this scenario. If you want to know more about how MaTeCAL works in details, please watch our MatCal tutorial video.

So right now, if I change severity score and occurrence score, risk score will change automatically. There’s no need for manual work anymore, and of course, it’s very flexible to change the scaling values to other types of values like numerical values according to your needs. The calculated risk scores will be populated to this risk management document of our SmartDocs module, which is one of our requirements authoring functionalities. All changes are synchronized and tracked. We can compare two versions of your risk factors to see what changes have been made. Finally, you could bring your risk factors to a smart report and save it as a word, pdf, or html file as part of your design history.

With model requirements, the risk scoring process is highly automatic. Our requirements management tool allows you to fully customize your risk factors and create your own risk scoring skills. With the help of our Matcal feature, you could set your risk scoring formula in any way you want. Any data type is acceptable here. You can have one scoring formula configured across all your projects or have different calculations project to project. We’re happy to discuss with you how to apply automatic risk scoring to your industry and project. Please feel free to let us know your needs.

Thank you so much for watching.