Add risks for a project
Add a risk to a project to identify, analyze, prioritize, plan, and track a risk during any phase of the project life cycle. Assess potential problems and the severity of their impact to take informed decisions about the project.
Before you begin
Role required: it_project_manager
About this task
A risk is any uncertain event that can potentially impact the success or outcome of a project. For example, an incorrect estimate of factors like financial outlay or resource assignments can cause schedule slippage. Another example of a risk is a change in project requirements. Recording risks ensures that decision makers have all relevant information when assessing a project's progress. A project manager can add risks to a project and assess them. While adding risks, the project manager can add risks from an existing library of project risks that are applicable for their unique projects.
Procedure
Navigate to All > Project > Projects > All.
Select the project to which you want to add risks.
In the Risks related list, select New.
Alternatively, select Create from Library if you have the Advanced Risk plugin activated.
Select the risk statements as required.
Select Create Risks.
Only the risks statements that belong to the Project category are displayed for the user.
On the Risk form, fill in the fields.
For more information, see RIDAC form fields.
Note: The Risk Assessment Summary section only appears when the Enable Advanced Risk PPM Integration property is enabled.
Select Submit.
What to do next
- Assess the risks that have been added. For more information, see Assign project risks to stakeholders for assessment
- Convert an existing risk to an issue, decision, action, or request change and close the risk. For more information, see Convert RIDAC records for a project.
- Associate the risk with existing issues so you can track dependencies and recognize trends for the future. For more information, see Associate existing RIDAC records for a project.
Related topics
Adding RIDAC records for a project
Configure custom Risk rank and Risk value for a project