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Creating Risks on a Project

Risks are possible events or factors that prevent a project from finishing on time or within budget. Risks can be recorded as part of the business case or by using the risks tab. 

Actual risk cost is the sum of all actual costs associated with risks on a project. This value does not impact the project's actual cost.

Creating Risks via Business Case

  1. Click Projects in the Global Navigation Bar.
  2. Click the project you want to enter risks for.
  3. Click the Project Details tab, then click the Business Case subtab.
  4. In the Risks section, click Edit Risks.
  5. Enter the following information:
    Description: describe the risk.
    Potential Cost: indicate the estimated cost if the risk occurs.
    Probability: indicate the probability of the risk occurring.
    Type: indicate what category the risk falls under.
    Mitigation Plan: describe the plan to mitigate the risk.
    Mitigation Cost: indicate the cost of the mitigation plan.
  6. (Optional) Click +Add Another Risk to add additional risks.
  7. Click Save.

Creating Risks via Risks Tab

  1. Click Projects in the Global Navigation Bar.
  2. Click the project you want to enter risks for, then click the Risks tab.
  3. Click +New Risk.
    The New Risk dialogue box is opened.
  4. Enter the following information:
    Description: describe the risk.
    Risk Type: indicate what category the risk falls under.
    Probability: indicate the probability of the risk occurring.
    Potential Cost: indicate the estimated cost if the risk occurs.
    Mitigation Cost: indicate the cost of the mitigation plan.
    Actual Cost: indicate the actual cost of the risk plan.
    Mitigation Plan: describe the plan to mitigate the risk.
  5. Click Save