Creating Risks (P6 Professional Only)

Add 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. After you add a risk, it can be assigned to activities.

Note: You must have Add/Edit/Delete Risks privilege to add, edit, or remove risks.

To add a risk:

1. Choose Project, Risks.
2. Display Risk Details.
3. Click on the Edit toolbar or choose Edit, Add.
4. Click the General tab.
5. On the General tab:
   1. In the ID field, edit the identifier if you want a different one. (It must be a unique identifier.)
   2. In the Name field, type the risk's name.
   3. In the Category field, click . Select the Risk Category then click the Select button.
   4. In the Type list, select the risk type.
   5. In the Owner field, click  . Select the resource who owns this risk, then click the Select button. If resource security is enabled, you can only view current project resources and resources you have access to.
   6. In the Status list, select a status for the risk.
   7. Exposure Start displays the earliest date the risk may occur.
   8. Exposure Finish displays the potential end date of the risk.
   9. Pre-Response Exposure Cost displays the cost the risk may impose.
   10. Post-Response Exposure Cost displays the cost the risk may impose based on your response.
   11. In the Identified On field, type or select the date this risk was identified.
   12. In the Identified By field, click . Select the resource who identified this risk.
6. Click the Risk Details, Impact tab.
7. On the Impact tab, Pre-Response section:
   1. In the Probability list, select the likelihood range of the risk occurring.
   2. In the Schedule list, select the impact range on the schedule if the risk occurs.
   3. In the Cost list, select the monetary impact on the project if the risk occurs.
   4. Observe the Score field. It shows the risk calculation based on the values you selected for the Probability, Cost, and Schedule fields.

Tip

• You can copy existing risks to create new risks. If you copy an existing risk to the same project, all data, including response and associated activities is retained. If you copy an existing risk to a different project, activity associations and responses are removed.

Related Topics

Assigning a risk to an activity (P6 Professional Only)

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