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:

1. In the object selector, select ﱆ Project or  Program, and then select a project or a program from the list.
2. From the  Main Menu, select  Risk, and then select Risk Register.
3. Select  Add.

   Note: You can only add program risks on the program Risk Register page.

4. 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, and Weather.
   • 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.
     • 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. They are not included in risk analysis.
     • 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. They are not included in risk analysis.
5. Select Save.

Tips

• Basic risk details can also be entered in the General detail window.
• Select the  Context menu next to a risk, and then select Add to insert a risk into the project or program.
• 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.
• Use the Exclude from Risk Removal column on the Risk Register page to exclude risks from the risk removal impact analysis.
• If you change the type of an existing risk, data unsupported by the new risk type will be cleared. For example, changing a Threat or Opportunity risk to Weather will remove all probability and impact data. Changing a Weather risk to Threat or Opportunity will remove all weather period data.