The Risk Register, as part of the Program Home, will help you identify potential risks to the Program and how to deal with them should they become issues. As a general rule, users will deal with events assigned the highest priority first. To add your first risk event, click “Add Risk”.

Users will add Risk Details to the new risk event. Select a risk category, provide a description, the date the risk was identified, impact to schedule (if any) and cost impact (if any). Also add the impact description to identify what will happen should the risk not be mitigated or eliminated.

Next, provide an Impact description and assign the Impact and Probability associated with the new Risk. Impact, on a scale of 1 (low) to 5 (high), identifies the affect the Risk will have on the Program. Probability, on a scale of 1 (low) to 5 (high), shows the likelihood of the risk actually happening. Impact and Risk, multiplied, determine the Risk’s priority.

Finally, provide steps towards mitigation of the Risk and date of mitigation action. Notes regarding contingencies related to the Risk can be added as well. An owner of the Risk must also be assigned. Users can manage risks based on status – from Open to Closed with several steps in between to manage the risk from beginning to end.

All Program-related Risks added will be visible in the Risks tab of the Program Home page. They’ll appear in order of Priority (based on Impact and Probability, as noted above). Users can edit Risks by clicking on the Description. Users can also “Export” risks to Excel: Either the Program Risk Register as it appears; all associated Projects (discussed below); or Program level and associated Project level risks. By clicking “Add Risk” users can add additional Risks, as needed at the Program level.