Add a Risk to the Risk Register

Add risks to the risk register to capture potential threats or opportunities that might impact your project or program. Risks specific to a particular project should be added as project risks. Risks that may directly impact the program or may impact multiple projects should be added as program risks.

Add weather risks if you want to model non-working time for a specific type of weather event. For more information, see Weather Risk Overview.

To add a risk to the risk register:

In the object selector, select Project or Program, and then select a project or a program from the list.
From the Main Menu, select Risk, and then select Risk Register.
Select Add.
Note: You can only add program risks on the program Risk Register page.
In the new row, complete the following fields:
- Name: The name of the risk.
- ID: A unique identifier for the risk.
- Type: The type of risk. Valid values are Threat, Opportunity, Weather, and Risk Factor.
- Status: The state of the risk:
  - Proposed: The risk is identified and awaits approval. You can choose to include or exclude proposed project risks when you run a risk analysis.
  - Open: The risk is approved as a valid risk to the project or program and is now awaiting management. This is the default status. Risks with this status are included in the risk analysis and on the Cost Sheet with a status of Open.
  - Monitoring: The risk has been managed and is being monitored. Risks with this status are included in the risk analysis and on the Cost Sheet with a status of Open.
  - Impacting: The risk is currently impacting the project or program. Risks with this status are included in the risk analysis and on the Cost Sheet with a status of Open.
  - Rejected: The risk is not seen as a valid risk to the project or program and therefore will not be tracked and managed. Risks with this status are not included in risk analysis or on the Cost Sheet. However, Risk Actual Cost Impacts are always included regardless of status.
  - Cannot Impact: The risk did not happen and can no longer happen. For example, all activities that could be impacted have been completed. Risks with this status are included on the Cost Sheet with a status of Closed and are not included in risk analysis. However, Risk Actual Cost Impacts are always included regardless of status.
  - Impacted: The risk occurred, impacted the project or program and is no longer an active risk. Risks with this status are included on the Cost Sheet with a status of Closed, and are not included in risk analysis. However, Risk Actual Cost Impacts are always included regardless of status.
Select Save.

Tips

Basic risk details can also be entered in the General detail window.
To enter or edit pre-response and post-response schedule, cost, and probability data directly in the grid rather than in their respective detail windows, expose the impact columns on the grid. For example: Pre-Response Schedule Shape, Minimum, Most Likely, and Maximum.
To insert a risk into the project or program, select the Context menu next to a risk and then select Add.
When you add a risk to the Risk Register, you are automatically assigned as the Risk Manager and your name will display in the Manager field.
To exclude risks from the risk removal impact analysis, use the Exclude from Risk Removal column on the Risk Register page.
To choose whether a Risk Factor impacts assigned activities as a constant or independently, use the Risk Factor Impact Activities Independently Option column. See Risk Factor Overview for more information.
To filter, assign color, and rename columns so that risk details are easier to read and risks that require attention are more noticeable, use the column menu, as well as row and cell formatting
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, May 19, 2025