---
sourceDocument: Australia Governance, Risk, and Compliance
sourceDocumentLink: https://servicenow-prod.fluidtopics.net/r/governance-risk-compliance

 Release :

    - australia

ft:locale :

    - en-US

ft:publication_title :

    - Australia Governance, Risk, and Compliance

ft:clusterId :

    - grc

bundleId :

    - grc

workflow :

    - Technology


---

# Risk Management Administration

# Risk Management Administration {#ariaid-title1}

* Release version: Australia
* 
* Updated March 12, 2026
* 
* ![](https://www.servicenow.com/docs/portal-asset/ico-clock) 1 minute to read

Using the Risk Management
application, administrators can customize risk categories, risk criteria, risk management
properties, and risk assessment types.

## Risk criteria

Risk criteria are the scoring values attributed to the likelihood that a risk occurs, and the
impact to your organization if the risk does occur.

Risk criteria thresholds define a high/likely or low/unlikely score as shown:
{#Administration__table_azx_pth_vs__entry__3}

| Likelihood | Impact | Scores |
|-|-|-|
| 1 = Extremely Unlikely | 1 = Very Low | 0-5 = Very Low |
| 2 = Unlikely | 2 = Low | 6-10 = Low |
| 3 = Neutral | 3 = Moderate | 11-15 = Moderate |
| 4 = Likely | 4 = High | 16-20 = High |
| 5 = Extremely Likely | 5 = Very High | 21-25 = Very High |
[Table 1. Risk criteria thresholds]

{#Administration__table_azx_pth_vs} {#Administration__table_mhl_bth_vs__entry__2}

| Name | Description |
|-|-|
| A list of tables that are available in the Applies to field on forms | If this field is blank, all tables are available on the various forms for Entity Types, Entities, and Risks. Defines a comma-separated list of tables that are available in the Applies to field on the Entity Type, Entity, and Risk form. Add .extended after the table name to include all extended tables. |
[Table 2. Risk properties]

{#Administration__table_mhl_bth_vs}

## Assessment types

Risk managers can create a new set of questions for each risk assessment. See [Create an assessment type](https://servicenow-prod.fluidtopics.net/Dyw68P3nCWJHwd7jt9gWnQ "The risk manager can create a set of questions for each risk assessment.").