Define the Goal
Define the goal of the model for the risk priority model.
Determine the risk priority based on calculation by multiplying impact by the probability occurrence. The priority will be based on all identified risks and their rankings. The highest ranking will have a priority of 1, and lesser rankings follow in decreasing order.
Data Collection
Data calculation for risk priority.
This value derives from calculations with no need to collect an additional dataset.
Design Algorithm
Design algorithm for risk priority.
Ranking builds on descending order of the calculated value. No need to train the model.
Train the Model
No need to train. If additional changes are needed to the risks and ranking, then recalculate ...
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