A risk is the possibility of an event or condition that would have a negative impact on a project, should it occur.
Note Before you can view and edit risks, you must be connected to Project Server.
Create a new risk
- On the Collaborate menu, click Risks.
- In the Project Name column, click a project to associate with the risk.
- Click New Risk.
- On the next page, enter the necessary information about the risk.
Depending on the fields that your administrator (administrator: Sets up and manages user accounts, assigns permissions, and helps users with network or server access issues. This person can also manage and customize various elements in Project Professional and in Project Server.) has set up for you, you can enter additional information about the risk to help in risk analysis, such as:
- Probability, which specifies the probability that the risk will happen, using a percentage value.
- Impact, which specifies the severity of adverse effects should the risk actually happen, using a value from 1 to 10.
- Cost, which specifies the cost impact should the risk actually happen.
- Category, which specifies the risk type.
- Description, which specifies the nature of the risk.
- Mitigation Plan, which specifies the plans to mitigate the risk.
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Trigger Description, which specifies the trigger type.
- Contingency Plan, which specifies the fallback plans, should the risk occur.
- Trigger, which specifies the condition that triggers the contingency plan.
- At the bottom of the page, specify tasks, projects, issues, documents, and other risks that impact or are impacted by this risk.
- Click Save and Close.
View and edit risks
- On the Collaborate menu, click Risks.
- In the Project Name column, click a project.
- In the sheet, click a risk title to view the content of the risk.
- To enter additional information, click Edit Risk, make the necessary changes in the risk fields, and then click Save and Close.
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