Risk Management

  • Release version: Australia
  • Updated March 12, 2026
  • 1 minute to read
  • Use the Governance, Risk, and Compliance: Risk Management application to continuously monitor to identify high-impact risks, improve your risk-based decision-making, and reduce reaction time effectively. The application also provides structured workflows for the management of risk assessments, risk indicators, and risk issues.

    Risk Workspace

    Starting with version 13.0.5, the Risk Workspace has been added for Risk Management users. The Risk Workspace offers a simplified user experience for you to perform your daily tasks and activities. For more information on the new workspace, see GRC Risk Workspace.

    Benefits of Risk Management

    The benefits of Risk Management are:
    • Faster risk-based decision-making: Prioritize activities based on automated risk scores to work on the most critical risks first.
    • Increased performance: Risk management embedded in automated cross-functional activities eliminates work interruption.
    • Effectively communicate risk: Real-time insights and role-based dashboards make reporting at all levels easier and faster.
    • Stay on top of risks: Mobile interfaces provide the information you need to do your job anytime and anywhere.
    Note:
    Depending on your license, you will have access to certain application features, generative AI skills, agentic workflows, and AI agents. For more information, see ServiceNow product tiers.

    Implement Risk Management

    Use the Risk Management implementation to quickly implement the GRC Risk Management and Advanced Risk applications.

    Additional resources