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Excel – how to calculate a score based on two fields

Posted by: admin May 14, 2020 Leave a comment

Questions:

I’m trying to figure out how to calculate a field called “Risk Score” that is based on two different fields without using nested if loops.

The two fields are “Likelihood of Risk” and “Impact of Risk” where the likelihood will be inputted as a % between 0-100% and the impact inputted as either high, medium, low.

Below is an example of the two fields and the calculated fields:

enter image description here

Below is the scoring I would like to derive in the third field based on the two fields.
enter image description here

I don’t think I could use Index Match Match since the likelihood score is based on a range and not a specific value.

Please let me know if you have ideas on how I should create the formula for Risk Score. Thanks!

How to&Answers:

Change the ranges of %s to the minimums:

enter image description here

Then a simple INDEX/MATCH/MATCH:

=INDEX($C$3:$E$5,MATCH(H3,$B$3:$B$5,1),MATCH(G3,$C$2:$E$2))

enter image description here