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

 Release :

    - xanadu

ft:locale :

    - en-US

ft:publication_title :

    - Xanadu Governance, Risk, and Compliance

ft:clusterId :

    - grc

bundleId :

    - grc

workflow :

    - Technology


---

# Risk appetite setup

# Risk appetite setup {#ariaid-title1}

* Release version: Xanadu
* 
* Updated August 1, 2024
* 
* ![](https://www.servicenow.com/docs/portal-asset/ico-clock) 1 minute to read

You can configure the risk appetite feature in the Advanced Risk
application.

Follow the order of the tasks to configure the risk appetite feature in the Advanced Risk application.
* **[Configure a risk appetite and tolerance in Advanced Risk](https://www.servicenow.com/docs/3DHqNBpyiwRveLcNd9tpJA)**   
  Set up the advanced risk assessment properties so that you can configure and customize the risk appetite and tolerance in the Advanced Risk application.
* **[Set up a risk appetite scale](https://www.servicenow.com/docs/jsX~kDKwSHUuzYkdexfiZQ)**   
  Set up a risk appetite scale in the Advanced Risk application to define the qualitative risk appetite within your organization.
* **[Change a risk appetite status](https://www.servicenow.com/docs/HaCqRwKTeN6_tsvWxeSxSQ)**   
  Change the default name, color, and icon that appear for the risk appetite status in the Advanced Risk application.