Sometimes evaluators will have doubts about a provider's response to a criterion. If so they have two options:
Give the provider a lower score and say why in the comments
Give the provider a full score and mark them down as being risky
Using a risk assessment separates the raw score from the risk assessed score which can be helpful to when making a final decision.
Step-by-step guide
To assess the risk for a request:
Sign-in to https://360users.apetsoftware.com.au/ as an Evaluator
Follow the steps in How to evaluate a request (e.g for tender) in 360 to start the evaluation process
To include the risk assessment, click on icon
Enter the Reasons for this risk assessment. This includes the description for the risk
Select at least one context of the following for What is effected?
Cost - Risk of blow-out
Contract - Risk of variation
Offer - Risk of not being fit-for-purpose
Compliance - Risk of non-adherence to the contract
Performance - Risk of delay
Select the Consequence and Likelihood from the risk matrix
Click Save and Back to complete the risk assessment
At this point, there is a Raw Score and Risk Assessed Score.
The Risk Assessed Score is used by the VFM (value for money) algorithm to rank the each provider.
Each cell of the risk matrix has a percentage. If the selected cell is Low (10%), a Raw Score of 8 results in a Risk Assessed Score of 7.2.