Power operator in the risk formula

We are pleased to introduce a significant improvement to the Risk Management module - the Power Operator in Risk Formula. This feature allows you to create more complex risk formulas

Use cases

1. Power Operator Integration: The primary focus of this update is the addition of the power operator (^) while creating a Risk Formula. This allows you to raise a given value to a specific exponent, empowering you to construct risk formulas more precisely. For example, you can write (Impact * Likelihood)^0.5 to calculate the square root of the Impact * Likelihood.

2. Enhanced Flexibility: With the Power Operator, you can now create risk formulas that better match your specific requirements. Whether it's calculating square roots, cube roots, or any custom exponentiation, this feature offers unparalleled flexibility.

How to Use the Power Operator

1. From the left navigation menu, click 'Risk Management'.

2. Click the 'Settings' icon.

3. Select the 'Score' tab.

4. Click on 'Add Score' and fill in the details.

5. Adding the Power Operator: Insert the caret (^) symbol in the formula where you want to apply exponentiation. For example, you can write (Impact * Likelihood)^0.5 to calculate the square root of the Impact * Likelihood.

6. Enter your Score Range.

7. Click 'Save' to save the score details you entered above.

We hope that the Power Operator in Risk Formula will greatly enhance your risk analysis capabilities and make your decision-making processes even more robust.

If you have any questions or issues, please reach out to your assigned Customer Relationship Manager. They'll be happy to assist you!

To view all the product updates, please click here.