Risk Log - If statement???

Elmani

New Member
Joined
May 8, 2005
Messages
16
Hi,

I have created a risk log for which I need a formula to help calculate the overall risk rating.

In Column A, I am listing the Impact (Low, Medium, High) and in Column B, I am listing the likelihood (low, Medium, High).

I need a formula in column see that calculates the overall rating based on the first two columns.

I won't bother listing all of the possible ratings, but have listed a few as an example - if someone could give me the basic formula, I'm sure I can then add in all of the outcomes.



Impact Liklihood Overall Rating
Low Low Low
Medium Low Low
High Low Medium


Thanks in advance....
 

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Peter_SSs

MrExcel MVP, Moderator
Joined
May 28, 2005
Messages
47,524
Office Version
  1. 365
Platform
  1. Windows
Elmani

One way would be to have a 'lookup table' like I have in columns E and F. Then the formula in C2 (copied down) is:
=VLOOKUP(A2&B2,$E$1:$F$10,2,0)
Mr Excel.xls
ABCDEF
1ImpactLikelihoodOverallImpact/LiklihoodOverall
2MediumMediumMediumLowLowLow
3HighLowMediumLowMediumLow
4LowHighMediumLowHighMedium
5MediumHighHighMediumLowLow
6LowMediumLowMediumMediumMedium
7MediumHighHigh
8HighLowMedium
9HighMediumHigh
10HighHighHigh
11
Risk Rating
 

iggydarsa

Well-known Member
Joined
Jun 28, 2005
Messages
1,647
If I got the combination right, which is:

High Low Medium
High Medium Medium
High High High
Medium Low Low
Medium Medium Medium
Medium High Medium
Low Low Low
Low Medium Low
Low High Medium

you can use this formula:
=IF(A1="High",IF(B1="High","High","Medium"),IF(A1="Medium",IF(B1="Low","Low","Medium"),IF(B1="High","Medium","Low")))
 

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