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 (Risk, Issue, Decision, Action, and Request Change) 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 (risks, issues, actions, decisions, and request changes) records for a demand.

• Configure a custom Risk rank and Risk value for a demand
  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.