TIME GRAPH
What Is It
Time graphs are used to document the values of risk
indicators over time. Also known as run charts, time
graphs plot the data as a function of time for trends
or patterns. For risk management, time graphs could be
used, for example, to plot risk impacts and
probabilities over time.
When To Use
Use time graphs
- To identify trends in the chosen status
indicators over time.
- As part of Mitigation
Status Reports where risk impact and probability
are tracked against the mitigation plan over
time.
Benefits
This method
- Provides visual aid in tracking the progress of a
mitigation strategy over a period of time.
- Helps to identify trends before trigger values
are reached.
- Graphically represents data collected.
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