---
sourceDocument: Australia Governance, Risk, and Compliance
sourceDocumentLink: https://www.servicenow.com/docs/r/australia/governance-risk-compliance

 Release :

    - australia

ft:locale :

    - en-US

ft:publication_title :

    - Australia Governance, Risk, and Compliance

ft:clusterId :

    - grc

bundleId :

    - grc

workflow :

    - Technology


---

# Create risk assessment project

# Create bulk risk assessment {#ariaid-title1}

Release version: Australia  
Updated September 10, 2026  
![](https://www.servicenow.com/docs/portal-asset/ico-clock) 4 minutes to read  
Create a bulk risk assessment project to perform assessments on multiple risks and controls simultaneously using the AI Risk and Compliance workspace. You can define the project context, including the assessable entity, Risk assessment methodology (RAM), project name, description, and identify and add stakeholders.

## Before you begin

Role required: sn_risk_advanced.risk_asmt_project_user

To create bulk risk assessment, you must install the Advanced Risk application.

Enable the Migrate to Advanced Risk Assessments property before using risk assessment projects. For more information, see [Set up Advanced Risk assessments properties](https://www.servicenow.com/docs/5V2EInNDWWLxCotcdM4k0g "Enable Advanced Risk Assessments (ARA) to confirm that risk‑based assessments and risk score roll‑up function correctly in the AI Risk and Compliance application.").

## About this task

A risk assessment project enables you to assess multiple risks simultaneously rather than individually. Use this approach when an AI asset has several mapped risks that need to be evaluated in a single coordinated session, particularly in RCSA (Risk and Control Self-Assessment) workflows. For an overview of the project stages (Define, Risk scoping, Assessment, Approval), see [Workflow of risk assessment project in AI Risk and Compliance](https://www.servicenow.com/docs/pOua3mWwj0msLJIH7YLFCw "The risk assessment project workflow is a structured process to assess multiple risks and controls of an AI asset simultaneously.").

To assess risks one at a time instead, see [Initiate risk assessment on AI asset](https://www.servicenow.com/docs/39tz7ucci~8Nti9owhzwZw "Initiate risk assessment to enable the risk assessor to perform risk assessments on AI systems, evaluating the likelihood and impact of potential risks.") and [Initiate risk assessment on AI asset's risks](https://www.servicenow.com/docs/AEOzaC~P0VSMeYD6nL3FlQ "Request risk assessments for risks identified during the AI system's impact assessment. These risks are generated based on the responses provided during the impact assessment of the AI system.").

## Procedure

1. Navigate to AllAI Risk and Compliance Workspace.
2. Select the list ![]() icon.
3. Navigate to the AI asset inventory and open the AI asset record.
4. To create a bulk risk assessment, you can use one of the following two methods:
   * Select the AI assessment drop-down, and select Bulk risk assessment.
   * Navigate to AssessmentsBulk risk assessments and select New.
   {#create-bulk-risk-assessment-airc__choices_wcn_bz1_lhc}
5. On the Create bulk risk assessment dialog, fill in the fields.  
   {#create-bulk-risk-assessment-airc__table_ttz_lgb_lhc__entry__2}

   | Field | Description |
   |-|-|
   | Related entity | Entity that needs to be assessed. Note: The Related entity field is grayed out, if only one related entity is associated with the AI asset. |
   | Risk assessment methodology (RAM) | Risk assessment methodology (RAM) that you use to assess risks within the project. The default RAM is Risk assessment for AI inventory. You can create your own RAM and perform the bulk risk assessments. |
   [Table 1. Context]

   {#create-bulk-risk-assessment-airc__table_ttz_lgb_lhc}
6. Select Create.
7. In the Risk assessment project, do the following.
   1. In the Details section, fill in the fields.  
      {#create-bulk-risk-assessment-airc__table_e23_ndv_2dc__entry__2}

      | Field | Description |
      |-|-|
      | Name | Name of the risk assessment project. The name is automatically generated based on the selected assessable entity, followed by the current month and year, with a separator between them. You can modify the name if necessary. |
      | Description | Description about the risk assessment project. It helps the assessors to understand the project in detail. |
      [Table 2. Details]

      {#create-bulk-risk-assessment-airc__table_e23_ndv_2dc}
   2. Select Next.
   3. In the Stakeholders section, fill in the fields.  
      {#create-bulk-risk-assessment-airc__table_hmb_b2v_2dc__entry__2}

      | Field | Description |
      |-|-|
      | Owner | Name of the project owner. This field is automatically set to the user who created the project, but you can modify it if needed. |
      | Assessor type | User or group who is responsible for assessing the project. Choices are as follows: * Users: Option to select users responsible for assessing the project. * Group: Option to select group of users responsible for assessing the project. * Entity owner: Option to select the assessable entity owner as assessor. * Entity stakeholder: Option to select assessor from the assessable entity stakeholders list. {#create-bulk-risk-assessment-airc__ul_ac5_1hv_2dc} |
      | Assessors | User who is responsible for assessing the project. This field appears only when Users is selected from Assessor type. |
      | Assessor group | Group that is responsible for assessing the risk. This field appears only when Group is selected from Assessor type. |
      | Assessors from entity | Assessors from the assessable entity stakeholders list. This field appears only when Entity stakeholder is selected from Assessor type. |
      | Watchlist type | Users or group who can view and receive notifications about the project. Choices are as follows: * Users: Option to select users who can view and receive notifications about the project. * Group: Option to select group of users who can view and receive notifications about the project. * Entity stakeholder: Option to select watchlist users from the assessable entity stakeholders list. {#create-bulk-risk-assessment-airc__ul_e5n_pjv_2dc} |
      | Watchlist users | Users who can view and receive notifications about the project. This field appears only when Users is selected from Watchlist type. |
      | Watchlist group | Group who can view and receive notifications about the project. This field appears only when Group is selected from Watchlist type. |
      | Watchlist users from entity | Watchlist users from the assessable entity stakeholders list. This field appears only when Entity stakeholder is selected from Watchlist type. |
      [Table 3. Stakeholders]

      {#create-bulk-risk-assessment-airc__table_hmb_b2v_2dc}
   4. Select Next.  
      The project moves to the Scope risk stage and you can see a list of risks mapped from the assessable entities.
   {#create-bulk-risk-assessment-airc__substeps_w1f_cgb_lhc}
8. To add risks in the Scope risk stage, you can do the following:
   1. **Optional:** To create risks from the risk statement, select Create from risk statements.
   2. **Optional:** To add a risk that is not in the library, select Create ad-hoc risk.
   3. **Optional:** To remove risks from the assessment without deleting them from the underlying entities, select the risks, and select Remove.
   4. **Optional:** To add any risks that have been removed, select Add risk.
   {#create-bulk-risk-assessment-airc__substeps_fvb_crv_2dc}
9. Select Next.  
   The project moves to the Assess stage, and a notification goes to the assessor.

## Result

The bulk risk assessment project is created and moves to the
Assess stage. The assigned assessor receives
a notification and can begin completing risk assessments within
the project.

## What to do next

After the project moves to the Assess stage, the assigned assessor can complete the risk assessments. Two views are available: [Perform bulk assessment in stacked view](https://www.servicenow.com/docs/eZPIIjCMO7kadtCeGYLvhQ "Perform assessments on multiple risks and controls simultaneously in a risk assessment project using AI Risk and Compliance Workspace. You can assess inherent risks, effectiveness of controls, residual risks, and target risks. You can define risk responses that enable you to manage and mitigate the risks identified during the risk assessment process.") for a sequential risk-by-risk approach, and [Perform bulk assessment in grid view](https://www.servicenow.com/docs/qpTItEslOoaWriCGBs6swQ "Perform assessments on multiple risks and controls simultaneously in a risk assessment project in the grid view using AI Risk and Compliance Workspace. You can assess inherent risks, effectiveness of controls, residual risks, and target risks. You can define risk responses that enable you to manage and mitigate the risks identified during the risk assessment process.") for a spreadsheet-style view that shows all risks at once.
**Related concepts**   

* [Risk assessment project in AI Risk and Compliance](https://www.servicenow.com/docs/5V2PrO7aqIBibVxX0bZQnw "You can perform assessments on multiple risks and controls simultaneously by creating a risk assessment project for an AI asset. This feature enables assessors to review multiple risks to understand their potential impact, likelihood, and associated mitigation strategies.")
* [Workflow of risk assessment project in AI Risk and Compliance](https://www.servicenow.com/docs/pOua3mWwj0msLJIH7YLFCw "The risk assessment project workflow is a structured process to assess multiple risks and controls of an AI asset simultaneously.")  
**Related tasks**   

* [Perform bulk assessment in stacked view](https://www.servicenow.com/docs/eZPIIjCMO7kadtCeGYLvhQ "Perform assessments on multiple risks and controls simultaneously in a risk assessment project using AI Risk and Compliance Workspace. You can assess inherent risks, effectiveness of controls, residual risks, and target risks. You can define risk responses that enable you to manage and mitigate the risks identified during the risk assessment process.")
* [Perform bulk assessment in grid view](https://www.servicenow.com/docs/qpTItEslOoaWriCGBs6swQ "Perform assessments on multiple risks and controls simultaneously in a risk assessment project in the grid view using AI Risk and Compliance Workspace. You can assess inherent risks, effectiveness of controls, residual risks, and target risks. You can define risk responses that enable you to manage and mitigate the risks identified during the risk assessment process.")

*[\>]: and then