---
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


---

# Add risks for a project

# Add risks for a project {#ariaid-title1}

Release version: Australia  
Updated March 12, 2026  
![](https://www.servicenow.com/docs/portal-asset/ico-clock) 1 minute to read  
Add a risk to a project to identify, analyze, prioritize, plan, and track a risk
during any phase of the project life cycle. Assess potential problems and the severity of
their impact to take informed decisions about the project.

## Before you begin

Role required: it_project_manager

## About this task

A risk is any uncertain event that can potentially impact the success or outcome of a
project. For example, an incorrect estimate of factors like financial outlay or
resource assignments can cause schedule slippage. Another example of a risk is a
change in project requirements. Recording risks ensures that decision makers have
all relevant information when assessing a project's progress. A project manager can
add risks to a project and assess them. While adding risks, the project manager can
add risks from an existing library of project risks that are applicable for their
unique projects.

## Procedure

1. Navigate to AllProjectProjectsAll.
2. Select the project to which you want to add risks.
3. In the Risks related list, select New.
4. Alternatively, select Create from Library if you have the Advanced Risk plugin activated.
   1. Select the risk statements as required.
   2. Select Create Risks.

   {#add-risks-for-project__substeps_qsj_brw_4mb}  
   Only the risks statements that belong to the Project category are displayed for the user.
5. On the Risk form, fill in the fields.  
   For more information, see [RIDAC form fields](https://servicenow-prod.fluidtopics.net/NZ7fS4IO3diiF8H8z~VP7w "Learn about the fields of the RIDAC form.").  
   Note:  
   The Risk Assessment Summary section only appears when the Enable Advanced Risk PPM Integration property is enabled.
6. Select Submit.
{#add-risks-for-project__steps_rzd_kpj_wjb}

## What to do next

* Assess the risks that have been added. For more information, see [Assign project risks to
  stakeholders for assessment](https://www.servicenow.com/docs/access?context=assess-project-risk-using-ara&version=australia&pubname=australia-governance-risk-compliance&ft:locale=en-US)
* Convert an existing risk to an issue, decision, action, or request change and close the risk. For more information, see [Convert RIDAC records for a project](https://servicenow-prod.fluidtopics.net/t19IDpERSN25k6QwYbYckg "Convert one RIDAC record (risk, issue, action, decision, and request changes) to another, in that order, to retain the record information instead of having to create a new record manually and to more easily track the issue.").
* Associate the risk with existing issues so you can track dependencies and recognize trends for the future. For more information, see [Associate existing RIDAC records for a project](https://servicenow-prod.fluidtopics.net/v8~Ux~9IqVG9IrU9ido8iQ "Link existing RIDAC records (risks, issues, actions, decisions, and request changes) to one another for your project. Associating RIDAC records with each other enables you to keep a record of risks or issues and their outcome for analysis at project closure and planning. It also helps to track the risks and issues throughout the project life cycle.").
{#add-risks-for-project__ul_sgs_pvj_yjb}
**Related concepts**   

* [Adding RIDAC records for a project](https://servicenow-prod.fluidtopics.net/inzYvWLsqCVkY9tWAZOJdA "Create a risk record for your project that you can convert to other records during the project life cycle. Track issues and avoid copying relevant details in the related records.")  
**Related tasks**   

* [Configure custom Risk rank and Risk value for a project](https://servicenow-prod.fluidtopics.net/X6RqLWorJ56OoW~8x7Xv8A "Configure custom risk rank and value scores (such as High-Medium, Medium-Low, or Absolute-Low) to rate the impact and probability factors for a risk.")
* [Convert RIDAC records for a project](https://servicenow-prod.fluidtopics.net/t19IDpERSN25k6QwYbYckg "Convert one RIDAC record (risk, issue, action, decision, and request changes) to another, in that order, to retain the record information instead of having to create a new record manually and to more easily track the issue.")
* [Associate existing RIDAC records for a project](https://servicenow-prod.fluidtopics.net/v8~Ux~9IqVG9IrU9ido8iQ "Link existing RIDAC records (risks, issues, actions, decisions, and request changes) to one another for your project. Associating RIDAC records with each other enables you to keep a record of risks or issues and their outcome for analysis at project closure and planning. It also helps to track the risks and issues throughout the project life cycle.")

*[\>]: and then