Working with Project Risks

Contents

Project risks are any uncertain event or condition that can impact a project's objectives. Use the Risks page to identify, prioritize, monitor, and manage risks. The risks you add are associated with a specific project, but are not tied to the project WBS. The ability to create and view project risks is controlled by project level settings.

When you add a risk, you can specify the priority, severity, risk type, probability, impact, risk score, owner, date, resolution and recommended action. When a risk is assigned to a particular user, a notification email is sent to that user. You can also attach documents and add notes to risks. The History tab allows you to view all changes that were made. You can also view, track, and monitor risks and their resolution by generating reports and dashboards.

You can view risks from several areas within the application:

• My Work and Timesheets: shows risks that are assigned to you.
• Project Module Menu (Project #): lists all risks associated with the project. From the Project Module Menu, select Go to > Risks.
• Dashboards: generates a dashboard based on your filter criteria. Use the Project Activities List dashboard.
• Reports: generates a report based on your filter and output criteria. Use the Project Risks, Non-WBS Activity Report, or the Activity Detailed Report.