I shall assume that by value you are referring to the impact you assign a risk. If using a matrix to measure the value of a risk is not sufficient I shall wonder what value you are concerned about.

Imagine your being in school is funded from a family resource – from your parents’ savings. You have, may be, two siblings who could be using the same resource, but your parents feel your younger siblings will be better off holding back until you graduate. How long it takes to graduate measures how much pressure your schooling bears down on your little siblings. If this resource from where your schooling is being funded is limited, then your siblings are being deprived a supply of funds from this family resource.

However, it is hoped that when you graduate, you will become a valuable financial resource for your siblings.

You graduate and your parents’ dream of you becoming the resource of your sibling’s is realized. You take this responsibility seriously. And your siblings begin to enjoy a similar privilege as you enjoyed when your schooling was funded from your parents’ savings.

In this case won’t you think it was a valuable risk to take? Of-course, yes.

Some projects may actually be quite risky to undertake; but the benefits will outweigh the risk in the end, you may see this as a risk to attempt to mitigate. This is why RISK ANLYSIS is worth the undertaking.

All of the factors above contributed to the risk value.