Add a Risk to the Risk Library

Add risks to the Risk Library, a workspace-level repository of reusable risks for projects.

You can create a new library risk, add risks from existing risks in your current projects, or, in a child workspace, assign a manually shared library risk from a parent workspace.

You must have Library Risk privileges to add, edit, or view library risks.

Note After a risk is added to the library, it cannot be deleted. If you do not want a library risk to be available to include in projects, update the status to Rejected. Only a library risk shared to a child workspace, either automatically or manually, can be removed from the child workspace Risk Library.

To create a new risk in the Risk Library:

  1. In the object selector, select Workspace, select View Workspaces List, and then select a workspace name.
  2. From the Main Menu, select Risk, and then select Risk Library.
  3. Select Add.
  4. In the new row, complete the following fields:
    • Name: The name of the risk.
    • ID: A unique identifier for the risk.
    • Status: The state of the risk:
      • Proposed: The risk is identified and awaits approval.
      • Open: The risk is approved as a valid risk to the risk library and is now awaiting management. This is the default status. Library risks must have this status to be available to project risk registers.
      • Rejected: The risk is not seen as a valid risk and therefore will not be available to add to Project Risk Registers.
  5. Select Save.

To add risks from project risk registers:

  1. On the Risk Library page, select Actions and then select Add Risks from Projects..., or select Add Risks from Projects... on the toolbar.
  2. In the Add Risks from Projects panel, select the project risks to add to the Risk Library.
    1. Use Search to quickly find project risks.
    2. Select Show All to view all project risks, or Show Selected to display the project risks currently added to the risk library.
    3. Select Include risks from child Workspaces to display risks in child workspaces.
  3. Select Save, and then select Close.

To assign a manually shared risk from a parent workspace:

  1. On the Risk Library page, select Assign....
  2. In the Assign Workspace Library Risks dialog box, select the risks to assign to the Risk Library.
  3. Select Assign.

Tip

  • Risk details can be modified in the detail window. See Modify Risk Details for more information.
  • To remove a risk that was shared from a parent workspace, select the "" Context menu of the risk in the child workspace, and then select Remove.
  • When you add a risk to the Risk Library, you are automatically assigned as the Manager and your name will display in the Manager field.
  • If you change the type of an existing risk, data unsupported by the new risk type will be cleared. For example, changing a Threat, Opportunity, or Risk Factor to Weather will remove all probability and impact data. Changing a Weather risk to Threat, Opportunity, or Risk Factor will remove all weather period data.

Last Published Monday, June 22, 2026