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Assessing and Adding Risks to a Project

One of the biggest project management challenges end users face is identifying and managing risk items. End users can identify and quantify risk items early in the opportunity phase. This has several advantages, it allows for the calculation of the appropriate risk premium or discounts, and it gives all parties involved a clear understanding of the risks involved.

NOTE:  Each risk item can be tracked and reported in the status report.

To create a risk

  1. Navigate to the Projects screen.
  2. From the visibility filter, select the appropriate view.
  3. Drill down on the Name field hyperlink for a selected project record for which the risk will be associated.
  4. Click the Risks view tab.
  5. In the Risks list, create a new record.
  6. Complete the necessary fields.

    Some fields are described in the following table.


    Line #

    Identifies the line number of the risk. The number can be modified.


    Identifies the kind of risk being described. Examples could include customer relationship, low quality, or high turnover.


    Name given to the risk. If no name is given you will be unable to drill down on the risk to add further details or add risk resolution activities.


    Date the risk was added to the project.


    Importance of the risk.


    Current status of the risk.


    Seriousness of the risk on a scale of 1 to 5.


    Text of your own choosing explaining further details about the risk.

    Reported By

    Identifies the person who created the record.

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