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Editing and Creating Risk Types

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Understanding Risks

Risks are possible events that prevent your project from finishing on time or within budget.

You can add risks to your projects in the planning phase to identify potential obstacles prior to the approval of any work. 

Understanding Risks Types

Risk types are labels you can use for your risks to categorize them for reporting purposes. They are created in the Setup area by the system administrator. After risk types are established in your Setup area, they are universal to your system. All project owners can use the same risk types for their projects. 

Editing and Creating Risk Types

Some risk types are already in Workfront, by default. To reflect the needs of your organization, you can either edit the existing risk types, or create new risk types.

Editing Existing Risk Types

  1. Navigate to Setup in your Global Navigation Bar. 
  2. Click Risk Types.
  3. Select the risk type you want to edit.
  4. Click Edit.
  5. (Optional) Change the name and the description of the risk type.
    There is a character limit of 50 characters for the Name and the Description fields.
  6. Click Save Changes.

Creating New Risk Types

You can create new risk types, in addition to the default ones, to reflect the needs of your organization. 

To create a new risk type:

  1. Navigate to Setup in your Global Navigation Bar. 
  2. Click Risk Types.
  3. Click New Risk Type.
  4. Enter a name (required) and a description (optional) for the risk type. 
    There is a character limit of 50 characters for the Name and the Description fields.
  5. Click Create Risk Type. If you used in-line edit to add your risk type, click Enter when you are done. 

NOTE If you need to edit a custom risk type, see "Editing Existing Risk Types."

Attaching Risk Types with Risks on Projects

Risks types can be used for labeling risks that are added to your projects. For more information on how to add risks to projects, see "Creating and Editing Risks on a Project." 

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