Create and edit risks in the Business Case

You can create risks as part of planning the Business Case of a project. You can later edit them in the Business Case, when changes occur to their probability, mitigation plan, or cost, for example. For information about creating a Business Case, see Create a Business Case for a project.

Your Workfront administrator or group administrator must enable the Risks section in your Business Case in the Project Preferences area before you can view it at the project level in the Business Case section. For information about setting project preferences, see Configure system-wide project preferences.

Creating and editing risks in the Business Case is identical.

To create or edit a risk in the Business Case:

  1. Go to the project for which you want to create risks.

  2. Click Business Case in the left panel.

  3. In the Risks section, click Edit Risks.

  4. Enter or edit the following information:

    • Description: describe the risk.

    • Potential Cost: indicate the estimated cost if the risk should occur.

    • Probability: indicate the probability of the risk occurring as a percentage value.

    • Type: indicate what category the risk falls under.

    • Mitigation Plan: update the description of the plan to mitigate the risk.

    • Mitigation Cost: indicate the cost of the mitigation plan that you must put in place to prevent the risk from occurring.

    Risks

  5. (Optional) Click Add Another Risk to add additional risks.

  6. Click Save.