Add risks for a demand

Add a risk to a demand to identify, analyze, prioritize, plan, and track a risk during any phase of the demand life cycle. Assess potential problems and the severity of their impact to take informed decisions about the demand.

Before you begin

Role required: it_demand_manager

About this task

A risk is any uncertain event that can potentially impact the success or outcome of a demand. 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 demand requirements. Recording risks ensures that decision makers have all relevant information when assessing a demand's progress. The demand risks are added to the parent program and portfolio.

Procedure

1. Navigate to All > Demand > Demands > All.
2. Select the demand to which you want to add risks.
3. From the Risks related list, select New.
4. On the Risk form, fill in the fields.
   For a description of the field names, see Risk form.
5. Select Submit.

What to do next

• Convert an existing risk to an issue, decision, action, or request change and close the risk. For more information, see Convert one RIDAC record to another for a demand.
• 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 demand.

• Configure a custom Risk rank and Risk value
  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.