Editing a project risk

You can edit risks in the Risk Management viewlet.
To perform this task, you must have the required security permission. For more information about security permissions, see User security settings.
To edit a risk and define attributes:
  1. Click Add Viewlet. In the Viewlet Chooser, select the Risk Management viewlet.
  2. In the Risk Management viewlet, select the risk from the WBS tree.
  3. Edit any of the following attributes:
    Option Description
    Name Click the name of the risk to change the name.
    Risk matrix This is a graphical representation of the risk relationship plotted against probability and impact. You can select the degree of impact or probability in the graph.
    Risk category Enter details of the category to which the risk is associated. For example, Financial risk.
    Identification date Click the field to select the date when the risk was identified.
    Occurred date Click the field to select the date when the risk occurred.
    Impact Click the downward arrow to select the degree of impact from the list.
    Probability Click the downward arrow to select the degree of probability from the list.
    Precision Click the downward arrow to select the degree of precision as high, medium or low from the list; or click the risk matrix to define the degree of precision.
    Consequence cost Type a cost.
    Probability cost Calculated automatically
    Exposure Calculated automatically
    Description Enter details about the risk.
    Contingency plan Enter details about the contingency plan.
    Mitigation strategy Enter details about the mitigation strategy.
  4. Click Save.
Related reference
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