Risks Page

Overview

Use this page to add, modify, or delete project risks.

Note: If the Probability, Schedule, and Cost fields are disabled, a risk scoring matrix is not assigned to the current project. You can still enter risk data on this page; however, a risk scoring matrix must be assigned to a project to perform qualitative risk analysis.

Screen Elements

Risks toolbar

See Risks Toolbar.

Active Response Plan option

Indicates whether a response plan is currently active for the associated risk.

Added By field

The name of the user who added the risk.

Added Date field

The date this risk was created.

Category field

The name for a particular type of risk classification. Use risk categories to identify and organize project risks consistently throughout your organization.

Technical, Operational, External are examples of risk categories that might apply to a typical project.

Cause field

The description of the cause of the risk.

Description field

The description of the risk.

Effect field

The resulting effect of the presence of the risk.

ID field

The unique identifier for the risk.

Last Modified By field

The name of the user that last updated the risk.

Last Modified Date field

The date this risk was last updated.

Name field

The name of the risk.

Notes field

The notes or comments entered for the associated with the risk.

Owner field

The resource that has ownership of the risk.

Project ID field

The unique identifier of the project associated with the risk.

Project Name field

The name of the associated project.

Response Total Cost field

The total cost of the active response plan.

If a response plan is active, the Response Total Cost field is disabled and displays the sum of the Remaining Cost plus Actual Cost fields for all response action items in the response plan. Rejected response action items are not included in the calculation.

Risk Scoring Matrix field

The name of the risk scoring matrix assigned to the project.

Status field

The current state of the risk.

Proposed: The risk is identified and awaits approval.

Open: The risk is approved as a valid risk to the project.

Active: The risk is currently impacting the project.

Rejected (Closed): The risk is not seen as a valid risk to the project and therefore will not be tracked and managed by the project. The data for this risk cannot be modified once it is closed.

Managed (Closed): The risk occurred and was successfully managed by the project team and is no longer an active risk. The data for this risk cannot be modified once it is closed.

Impacted (Closed): The risk occurred, impacted the project and is no longer an active risk. The data for this risk cannot be modified once it is closed.

Type field

The classification of the risk as a threat or an opportunity.

A threat will have a negative impact on your project, while an opportunity can have a perceived benefit to the project.

User Defined field

Fields defined by your P6 administrator that are not standard in the application, but are necessary to capture additional data for the project or the company.

Pre-response Thresholds

Cost field

The monetary impact on the project if the risk occurs.

Probability field

The probability of the risk occurring.

Schedule field

The impact on the schedule if the risk occurs.

Score field

The risk calculation based on the values defined for probability, cost impact, schedule impact, and any additional user-defined impacts for the risk.

Score (Text) field

The text-based risk score based on the values defined for probability, cost impact, schedule impact, and any additional user-defined impacts for the risk.

Pre-response Risk Exposure

Exposure field

The monetary impact value for each Risk calculated from the values selected for the probability and cost impact. Exposure provides data that is generally used during the analysis and prioritization phases of the risk management process. The difference in Exposure for a Risk and its associated Response Plan is indicative of the effectiveness of the Response Plan.

Calculated as Probability midpoint times Cost midpoint. A midpoint is calculated by adding the lowest and the highest values for the threshold and dividing the sum by two.

To learn more about calculating risk exposure, see Risk Exposure Calculations.

Exposure Start field

The earliest start date of all activities associated with the risk.

If no activities are associated with the risk, the exposure start date is the project start date.

Exposure Finish field

The latest finish date of all activities associated with the risk.

If no activities are associated with the risk, the exposure finish date is set to the project finish date. If the project finish date is not set, the project scheduled finish date is used. If the project scheduled finish date is not set, the project must finish by date is used. If this date is not set, the Exposure Finish is set to the project start date.

Risks Page detail windows:

Response Plans Detail Window of the Risks Page

Activities Detail Window of the Risks Page

Description Detail Window of the Risks Page

Cause Detail Window of the Risks Page

Effect Detail Window of the Risks Page

Notes Detail Window of the Risks Page

Probability and Impact Diagram Detail Window of the Risks Page

Getting Here

  1. Click "" Projects.
  2. On the Projects navigation bar, click "" Risks.

Related Topics

About Risks

Working with Project Risks

Managing Project Risks


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