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Table of Contents:

Potential Risks Overview How to Add or Edit Potential Risks

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Potential Risks Overview:

The Potential Risks feature in the Budget Form is primarily used by CAMS (Control Account Managers) to flag risks for review by the Project Manager. This step is intended as a preliminary stage before risks are officially added to the Risk Register.
  • Risks entered here are visible to the Admin for review and consideration before they are formally recorded in the Risk Register.

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Step-by-Step Guide:

  1. Navigate to the Budget Form and select the Project, WBS, and Work Package you want to work in.
  2. Scroll down and open the Potential Risks tab.
  3. Add a New Risk.
    1. Select Add Risk.
    2. Enter a title for the risk,
    3. Choose the Type of risk from the Admin configured dropdown.
    4. Choose a Category from the Admin configured dropdown.
    5. Input the Cost Impact.
    6. Input the % Probability.
    7. The system will automatically calculate Exposure based on Cost and Probability inputs.
  4. Save the Risk.
    1. Admins can now review potential risks submitted by CAMs.
  5. Edit an Existing Risk.
    1. To modify an existing risk, select the Pencil Icon next to the entry.