Create or Edit an Event

To create an event, open the Manage Events page and click Create Event. To edit an event, select its row in the Manage Events page and click Edit. Then:

1. Enter or modify a name and description. These describe how the event applies to the risk it's related to.
2. Select or modify a likelihood model and value, which express how likely the event is to occur.
   • Although you can select any likelihood model, it's recommended that you select one used in analysis of a risk to which you intend to relate the event. That way you maintain consistency in the terminology that applies to the event and to the risk analysis.
   • The likelihood value you select for an event is essentially a label. It plays no part in the calculation of the overall risk rating returned by risk analysis.
3. If descriptive flexfield segments have been defined for events, these appear as fields in an Additional Information panel. Provide values for these fields.
4. In the Consequences panel, click Add to select a consequence appropriate for the event. You may use the Add option repeatedly to select any number of consequences. If you haven't yet created a consequence for the event, you can do so later, then edit the event to add the consequence.
5. In a Related Risks panel, view risks the event applies to. You can relate events to a risk only as you create or edit the risk. Values appear here only after risks have been created or edited to include this event.