Adding Detailed Project-Level Risks

Add project risks to capture potential threats or opportunities that might impact your project, and to perform qualitative analysis to reduce or eliminate negative impact on the project.

Note:

If a risk scoring matrix is not assigned to the project, you can add general risk information to the Risks page, but you will not be able to enter values for probability, schedule and cost, which are values used to generate the risk score.

To add detailed project-level risks:

  1. On the "" Navigation Menu, expand "" Projects and click Risks.

    If multiple projects are open, click Projects "" and select a project.

  2. On the Risks page, click "" Add.
  3. On the Risks page:
    1. In the ID field, click and type an ID for the risk.
    2. In the Name field, click and type the risk name.
    3. In the Type field, double-click and select the type of risk from the list.
    4. In the Status field, double-click and select the current status for the risk.
    5. In the Owner field, double-click then click "" Select.
  4. In the Select Owner dialog box, select an owner for the risk and click Select.
  5. On the Risks page:
    1. In the Probability field, double-click and select a probability from the list.
    2. In the Schedule field, double-click and select a schedule impact from the list.
    3. In the Cost field, double-click and select a cost impact from the list.
    4. Complete any additional fields on the table that are relevant for this risk.

      Note:

      To display additional columns, click "" Customize View and select the column to add to the table.

  6. Use the Risk Details detail window to provide more information about the risk.
  7. On the Risks page, click Save.

Tip:

  • You can copy existing risks to create new risks. If you copy an existing risk to the same project, all data, including response plans and associated activities, is retained. If you copy an existing risk to a different project, activity associations are removed. If the project does not have the same risk scoring matrix assigned, then the probability and impact fields (schedule, cost, and user defined) are cleared.
  • Click the Probability and Impact Diagram detail window to view the risk scoring matrix assigned to the project.