For instance we can tell from the general downward trend that the project risks are reducing. These Risk Profile Graphs are an excellent way of demonstrating the value of “Iteration 0” activities that may not deliver much/any business value, but are extremely useful in proving approaches and reducing project risks.
Risk Profile Graphs quickly inform stakeholders if the risks are moving in the right direction (downwards) or if issues and concerns are escalating. They provide a simple to interpret health-check for a your project and are quickly produced in tools like Excel. Tracking the reduction of project risks is a metric that is useful on projects, it is not a core metric like features delivered, but one we are actively trying to control and relevant to the goal of delivering successful projects.
Worth Reading it….