---
sourceDocument: Australia Strategic Portfolio Management
sourceDocumentLink: https://servicenow-prod.fluidtopics.net/r/it-business-management

 Release :

    - australia

ft:locale :

    - en-US

ft:publication_title :

    - Australia Strategic Portfolio Management

ft:clusterId :

    - itbm

bundleId :

    - itbm

workflow :

    - Technology


---

# Risk form

# Risk form {#ariaid-title1}

Release version: Australia  
Updated March 12, 2026  
![](https://www.servicenow.com/docs/portal-asset/ico-clock) 1 minute to read  
The risk form enables you to define a risk for a demand.
{#create-risk-form-ppw__table_mxx_gvp_z5b__entry__2}

| Field | Description |
|-|-|
| Number | System-generated ID number with a configurable prefix. |
| State | Current state of the risk. Risks are created in the Pending state. The available values are: * Pending * Open * Work in Progress * Closed Complete * Closed Incomplete * Closed Skipped {#create-risk-form-ppw__ul_ttc_vlk_bvb} |
| Risk status | Status of the risk. Risks are created in the Pending status. The available values are: * Pending * Achieved * Not Achieved * Avoid * Mitigate * Transfer * Accept {#create-risk-form-ppw__ul_q2s_zlk_bvb} |
| Probability | The likelihood that the event described in the risk can occur. Risks are created with Low probability. The available values are: * Absolute * High * Moderate * Low {#create-risk-form-ppw__ul_gvq_bmk_bvb} |
| Impact | Impact of the risk on the demand. Risks are created with Low impact. The available values are: * High * Medium * Low {#create-risk-form-ppw__ul_jnw_4fx_tjc} |
| Estimated cost | Estimated cost generated by the risk. |
| Risk rank | Combination of value and color assigned to the risk. This value is calculated using the Probability and Impact values. |
| Risk owner | Resource responsible for monitoring and managing the risk. |
| Assigned to | Resource responsible for resolving or mitigating the risk. |
| Risk value | Value for the specified risk impact and probability combination. |
| Due date | Requested date for risk resolution or closure. * If the risk has an assigned resource, the due date is for resolving the risk. * If the risk isn't assigned to any resource, the due date is for closing or addressing the risk. {#create-risk-form-ppw__ul_mxc_kmk_bvb} |
| Task | Demand associated with the risk. This field is auto-populated. |
| Short description | Brief summary of the risk. |
| Description | Brief description of the risk and its impacts on the demand. |
| Mitigation plan | Brief description of the efforts taken to mitigate the risk. |
| Work notes | Information about the risk. |
[Table 1. Risk form]

{#create-risk-form-ppw__table_mxx_gvp_z5b}