Difference between Risk State and Risk Status?

[Nazia1]

HI ,

I am trying to understand difference between Risk state and Risk status in Risk Table.

As per documentation this is the definition but it would be great if someone can provide a better insights on why there are 2 fields and how its it beneficial.

State	Current state of the risk. All new risks are created in the Pending state. The available states are: Pending, Open, Work in Progress, Closed Complete, Closed Incomplete, and Closed Skipped
Risk status	Status of the risk. The available options are: Pending, Achieved, Not Achieved, Avoid, Mitigate, Transfer, and Accept.

[Ty18]

I think an exec or decision maker is more concerned with the status of the risk itself and less so with the record's state and how it's related to ServiceNow.

[Jim Hughes1]

Having both fields is very confusing and Servicenow should consider to have only one field for Status/State.   At a high level, the stakeholder want sto know if the Risk is Open or Closed. If open, what is the Due date, Owner, Mitigation strategies, etc

[Ashutosh Munot1]

HI,

Risk State is used like a state on normal records like Open, WIP,Closed,etc. Risk Status shows the stakeholders or organisation that how risk we have and how many we mitigated or achieved.

So for example: A person might be working on a risk record with state as WIP but the risk is not accepted as a risk it can be a false alarm or risk.

Thanks,
Ashutosh

[afattahQ]

I agree that having both fields is very confusing, and the values for these fields makes it more so. 

1. The values for the Risk Status field do not make sense; "Avoid, Mitigate, Transfer, and Accept" are risk response strategies that the PM deploys to counter the risk, they are not risk status values.  

2. Risk status as "Achieved or Not Achieved" do not make sense, first time for me to see this.  A risk is not something you should categorize like that.  If a risk is "Achieved" it is no longer a risk, it is an issue at that point.

Hope this helps.

Risk status

Status of the risk. The available options are: Pending, Achieved, Not Achieved, Avoid, Mitigate, Transfer, and Accept.