Siebel Professional Services Automation Guide > Project Management > End-User Procedures for Project Management >

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.

   Field	Comments
   Line #	Identifies the line number of the risk. The number can be modified.
   Type	Identifies the kind of risk being described. Examples could include customer relationship, low quality, or high turnover.
   Name	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.
   Reported	Date the risk was added to the project.
   Priority	Importance of the risk.
   Status	Current status of the risk.
   Severity	Seriousness of the risk on a scale of 1 to 5.
   Description	Text of your own choosing explaining further details about the risk.
   Reported By	Identifies the person who created the record.