Codebeamer X's Risk Management helps identify, analyze, mitigate, and reduce risks during crucial processes for developing safety-critical and complex embedded products. It facilitates compliance with ISO 14971. Identify risks and potential failures in the early development and engineering process to avoid user risks while saving development costs and time.

Plan your Risk Management Lifecycle by using Codebeamer X's Business Process Management (BPM). Use a standard workflow for identifying, planning, reducing, and mitigating risks. Use standard attributes such as hazard, triggering event, harm, likelihood, severity, risk, planned risk mitigation, likelihood after mitigation, severity after mitigation, and risk after mitigation.

The Risk Matrix Diagram displays the number of requirement items according to related risks. In the risk Tracker, the risk property is a preconfigured computed field that calculates the risk value automatically by multiplication of likelihood and severity values. The diagram is drawn as a matrix: Y Axis for Likelihood and X Axis for severity. The diagram can be configured, and the axis can be reversed.

To configure the matrix, use special custom fields in the risk Tracker or via the Risk Management tab in the tracker customization page. Newly created risk Trackers contain these fields by default:

Set these intervals as background colors of the matrix under the Risk Management tab in the tracker customization page.