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

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    - zurich

ft:locale :

    - en-US

ft:publication_title :

    - Zurich Strategic Portfolio Management

ft:clusterId :

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bundleId :

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workflow :

    - Technology


---

# Configure custom Risk rank and Risk value for a project

# Configure custom Risk rank and Risk value for a project {#ariaid-title1}

* Release version: Zurich
* 
* Updated July 31, 2025
* 
* ![](https://www.servicenow.com/docs/portal-asset/ico-clock) 1 minute to read

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.

## Before you begin

Role required: pps_admin

## About this task

Use the Risk Value Lookup module to set up the risk rank and risk value for a
specific combination of risk impact and probability. The system uses these values to
determine the degree of risk (Absolute, High, Medium, Low) based on the impact and
probability factors of a risk.

The value in the Probability field is multiplied by the value
of the Impact field to generate the values for the
Risk rank and corresponding Risk value in the Risk form.

By default, you can use the following impact, value, and probability scores for a
risk to create a risk rank and risk value score:

* Absolute
* Low
* Medium or Moderate
* High

{#risk-value-lookup-project__ul_ckh_dbm_zjb}  
For example, a risk might have high probability and medium impact but you might want to consider it as an overall low risk for the project. In that case, you would configure the Risk Value Matcher form with the following values:

* Impact = 2 Medium
* Risk Rank Color = Green
* Probability = High
* Probability Number = 1
* Risk Value = 3 Low
{#risk-value-lookup-project__ul_odg_w4n_zjb}

## Procedure

1. Navigate to AllProject AdministrationSettingsRisk Value Lookup.
2. Select New.
3. On the form, fill in the fields.  
   For more information, see [Risk value matcher form](https://www.servicenow.com/docs/lnXh4BD0ogx4gv9tQFIyIg "Use the risk value matcher form to rate the impact and probability of a risk.").
4. Select Submit.
{#risk-value-lookup-project__steps_uqb_jhn_zjb}
**Related concepts**   

* [Adding RIDAC records for a project](https://www.servicenow.com/docs/D6w0T8d1plkKhqEgohbA4Q "Create a risk record for your project that you can convert to other records during the project life cycle. Track issues and avoid copying relevant details in the related records.")  
**Related tasks**   

* [Convert RIDAC records for a project](https://www.servicenow.com/docs/XAOYYn4ce0nofuzzqcirKg "Convert one RIDAC record (risk, issue, action, decision, and request changes) to another, in that order, to retain the record information instead of having to create a new record manually and to more easily track the issue.")
* [Associate RIDAC records for a project](https://www.servicenow.com/docs/_W2CTFbaHPvia2bFs_JmUQ "Link existing RIDAC records (risks, issues, actions, decisions, and request changes) to one another for your project. Associating RIDAC records with each other enables you to keep a record of risks or issues and their outcome for analysis at project closure and planning. It also helps to track the risks and issues throughout the project life cycle.")

*[\>]: and then