---
sourceDocument: Australia Strategic Portfolio Management
sourceDocumentLink: https://www.servicenow.com/docs/r/it-business-management

 Release :

    - australia

ft:locale :

    - en-US

ft:publication_title :

    - Australia Strategic Portfolio Management

ft:clusterId :

    - itbm

bundleId :

    - itbm

workflow :

    - Technology


---

# Configure a custom risk rank and risk value

# Configure a custom risk rank and risk value {#ariaid-title1}

* Release version: Australia
* 
* Updated March 12, 2026
* 
* ![](https://www.servicenow.com/docs/portal-asset/ico-clock) 1 minute to read

Configure custom risk ranks and value scores to rate the impact and probability factors of risks. These values determine the degree of the risks associated with a demand.

## Before you begin

Role required: pps_admin

## Procedure

1. Navigate to AllProject AdministrationSettingsRisk Value Lookup.
2. Select New.
3. On the risk value lookup form, fill in the fields.  
   For a description of the field names, see [Risk value lookup form](https://www.servicenow.com/docs/P9QV6lrfPfFYXIN~s_hckQ "The risk value lookup form information is used to rate the impact and probability of a risk.").
4. Select Submit.
{#configure-custom-risk-rank-risk-value-ppw__steps_uqb_jhn_zjb}

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