5x5 Risk management formula
Can anyone figure out what's missing in this formula to set a rating from a 5x5 risk matrix.
I copied the format from the risk assessment matrix template set that is a 4x3 matrix and modified.
=IF(AND(OR(Likelihood5 = "Rare", Likelihood5 = "Unlikely", Likelihood5 = "Possible", Likelihood5 = "Likely"), Consequence5 = "Insignificant"), "Low", IF(AND(OR(Likelihood5 = "Rare", Likelihood5 = "Unlikely", Likelihood5 = "Possible"), Consequence5 = "Minor"), "Low", IF(AND(OR(Likelihood5 = "Almost certain", ), Consequence5 = "Insignificant"), "Medium", IF(AND(OR(Likelihood5 = "Likely", Likelihood5 = "Almost certain"), Consequence5 = "Minor"), "Medium", IF(AND(OR(Likelihood5 = "Rare", Likelihood5 = "Unlikely", Likelihood5 = "Possible"), Consequence5 = "Moderate"), "Medium", IF(AND(OR(Likelihood5 = "Likely", Likelihood5 = "Almost certain"), Consequence5 = "Moderate"), "High", IF(AND(OR(Likelihood5 = "Rare"), Consequence5 = "Major"), "Medium", IF(AND(OR(Likelihood5 = "Rare", Likelihood5 = "Unlikely", Likelihood5 = "Possible"), Consequence5 = "Major"), "High", IF(AND(OR(Likelihood5 = "Likely", Likelihood5 = "Almost certain"), Consequence5 = "Major"), "Extreme", IF(AND(OR(Likelihood5 = "Rare", Likelihood5 = "Unlikely"), Consequence5 = "Catastrophic"), "High", IF(AND(OR(Likelihood5 = "Possible", Likelihood5 = "Likely", Likelihood5 = "Almost certain"), Consequence5 = "Catastrophic"), "Extreme"))))))))))))
Answers

I replaced the formula with @row, so you don't have to think about the row numbers.
At a glance, I think it's the bolded parts below that are the issue.
=
IF(AND(OR(Likelihood@row = "Rare", Likelihood@row = "Unlikely", Likelihood@row = "Possible", Likelihood@row = "Likely"), Consequence@row = "Insignificant"), "Low",
IF(AND(OR(Likelihood@row = "Rare", Likelihood@row = "Unlikely", Likelihood@row = "Possible"), Consequence@row = "Minor"), "Low",
IF(AND(OR(Likelihood@row = "Almost certain", ), Consequence@row = "Insignificant"), "Medium",
IF(AND(OR(Likelihood@row = "Likely", Likelihood@row = "Almost certain"), Consequence@row = "Minor"), "Medium",
IF(AND(OR(Likelihood@row = "Rare", Likelihood@row = "Unlikely", Likelihood@row = "Possible"), Consequence@row = "Moderate"), "Medium",
IF(AND(OR(Likelihood@row = "Likely", Likelihood@row = "Almost certain"), Consequence@row = "Moderate"), "High",
IF(AND(OR(Likelihood@row = "Rare"), Consequence@row = "Major"), "Medium",
IF(AND(OR(Likelihood@row = "Rare", Likelihood@row = "Unlikely", Likelihood@row = "Possible"), Consequence@row = "Major"), "High",
IF(AND(OR(Likelihood@row = "Likely", Likelihood@row = "Almost certain"), Consequence@row = "Major"), "Extreme",
IF(AND(OR(Likelihood@row = "Rare", Likelihood@row = "Unlikely"), Consequence@row = "Catastrophic"), "High",
IF(AND(OR(Likelihood@row = "Possible", Likelihood@row = "Likely", Likelihood@row = "Almost certain"), Consequence@row = "Catastrophic"), "Extreme")
Did that work/help?
I hope that helps!
Be safe and have a fantastic weekend!
Best,
Andrée Starå  Workflow Consultant / CEO @ WORK BOLD
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SMARTSHEET EXPERT CONSULTANT & PARTNER
Andrée Starå  Workflow Consultant / CEO @ WORK BOLD
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Feel free to contact me for help with Smartsheet, integrations, general workflow advice, or anything else.

Thanks for the help. Can you tell what the issue is with the bolded parts as these are needed as part of the 5x5.
Cheers
Phil

Happy to help!
Yes, it's the wrong structure.
You have parenthesis and comma in the wrong position. I've bolded the areas with the errors.
Try my new ones below.
Did they work?
Old.
IF(AND(OR(Likelihood@row = "Almost certain", ), Consequence@row = "Insignificant"), "Medium",
New.
IF(AND(OR(Likelihood@row = "Almost certain", Consequence@row = "Insignificant")), "Medium")
Old.
IF(AND(OR(Likelihood@row = "Rare"), Consequence@row = "Major"), "Medium",
New.
IF(AND(OR(Likelihood@row = "Rare", Consequence@row = "Major")), "Medium")
SMARTSHEET EXPERT CONSULTANT & PARTNER
Andrée Starå  Workflow Consultant / CEO @ WORK BOLD
W: www.workbold.com  E:andree@workbold.com  P: +46 (0)  72  510 99 35
Feel free to contact me for help with Smartsheet, integrations, general workflow advice, or anything else.
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