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Overview

The Risk Register is the central workspace for identifying and managing project risks. It tracks each risk’s probability, cost and schedule impact, mitigation plans, and status throughout the project lifecycle. The register includes four sections accessible as expandable panels: the main risk grid, heatmaps, Monte Carlo simulations, and burn down charts.

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Prerequisites

  • A project must be selected to view the Risk Register.
  • To add or edit risks, your account must have Full Access to the Risk module for the selected project. Accounts with Read-Only access can view risks but cannot make changes.
  • Risk ID Prefixes must be configured before adding risks. An administrator sets these up in Admin > Projects > Edit Project. Examples: PR-, SED-, RISK-.

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Add a Risk

  1. Click Add Risk in the Risk Register Table toolbar.
  2. In the General tab, fill in the required fields:
    • Risk ID Prefix — Select a prefix. Dash360 automatically assigns the next sequential ID (e.g., selecting PR- might produce PR-007). IDs are gap-free and cannot be duplicated.
    • Title — A short, descriptive name for the risk.
    • Risk Category and Risk Type — Classify the risk using your project’s configured categories and types.
    • Status — Set the initial status (typically Proposed for a newly identified risk).
    • Cost Impact — The estimated cost if the risk occurs.
    • Probability — The likelihood the risk occurs (as a percentage). The Total Cost Exposure field updates automatically: Cost Impact × Probability.
    • Schedule Impact — The estimated schedule impact in days.
  3. Optionally fill in the Notebook Fields tab if your project has custom fields configured.
  4. In the Mitigations & Timeline tab, document your mitigation plan and set trigger dates and response strategy.
  5. In the Risk Impact tab, associate the risk with affected WBS elements or work packages.
  6. Click Save.
Risk IDs are assigned sequentially at save time and cannot be manually entered. If you need a custom prefix, ask your administrator to configure one in Admin > Projects > Edit Project.

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Edit a Risk

  1. In the Risk Register Table, locate the risk you want to update.
  2. Click the Edit (pencil) icon on the row, or double-click the row.
  3. Update any fields across the four modal tabs.
  4. Click Save.
Changes to Cost Impact or Probability automatically recalculate the Total Cost Exposure.

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Risk Status Lifecycle

Risks move through a defined lifecycle. Update the Status field as the risk progresses:
StatusMeaning
ProposedRisk has been identified but not yet confirmed or actively tracked
ActiveRisk is confirmed and being actively monitored and mitigated
RealizedThe risk event occurred — it is now an issue
RetiredRisk is no longer relevant (mitigated, expired, or no longer applicable)
DeprecatedRisk was superseded or replaced by another risk item
The default grid view shows only Active risks. Use the Status filter to show Proposed, Realized, Retired, or Deprecated risks.

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Rename a Risk ID

Risk IDs can be renamed without losing any associated data.
  1. Right-click on a risk row (or use the row action menu) and select Rename Risk ID.
  2. Enter the new ID and confirm.

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Copy a Risk

To create a new risk based on an existing one:
  1. Right-click on a risk row and select Copy Risk.
  2. The system creates a new risk with the same data. A new sequential Risk ID is assigned automatically.
  3. Edit the copy to adjust any fields as needed.

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Delete a Risk

  1. Right-click on a risk row and select Delete, or click the Delete icon.
  2. Confirm the deletion.
Deleting a risk is permanent. All associated mitigation data, notebook entries, and simulation inputs are removed. Consider changing the status to Retired or Deprecated instead of deleting if you want to preserve the history.

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Filter the Risk Grid

The grid has a toolbar filter. Common uses:
  • Status filter — Switch from the default Active view to see Proposed, Realized, Retired, or Deprecated risks.
  • Column filters — Filter by Category, Owner, Assignee, WBS, or any other column.

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View Risk Heatmaps

Expand the Risk Register Heatmaps section below the main grid to view probability-vs-impact heatmaps for all active risks. Heatmaps provide a visual summary of which risks have the highest combined exposure.

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Run a Monte Carlo Simulation

Monte Carlo simulations quantify the range of possible cost outcomes across all active risks.
  1. Expand the Monte Carlo Simulations section.
  2. Click Add Simulation to configure a new run.
  3. Set the number of iterations and any simulation parameters.
  4. Click Run. Results show the probability distribution of total risk cost exposure.
Simulations are stored per project so you can compare results over time.

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View Burn Down Charts

Expand the Burn Down Charts section to see how total cost exposure has changed over time as risks are retired, realized, or mitigated. Risk Register