What is a Risk?
A risk is an uncertain event that may or may not occur during a project or activity. Risks could have either a negative or a positive effect on progress towards delivering objectives. Where possible, actions should be undertaken to mitigate the risk.
Risks Status
This section is where you can add and manage your project or activity risk log.
By using the dropdown field, you can select the most appropriate overall RAG status for the risks and provide any associated commentary. This information can be updated in real-time.
Adding Risks
Risks can be added to the project table via Add.
Risk information can be entered using the simple form containing dropdowns, text, date, clickable matrix and user picker fields.
Anyone added as an Owner will receive a Verto notification and can set-up their own reminders for completion. They will also see these records in their personal Feed.
Updating Risks
Click on Edit against the individual risk to amend the information in the form.
The Updates area at the bottom of the form can also be used to record regular progress updates. Click Actions > Add to record a new update.
Convert Risk to an Issue
Whilst in a risk record, click on Actions > Create Issue. A message will appear in the bottom right-hand corner of your screen confirming success. The risk should then be marked as closed.
Within the Issues section, a new issue will be visible containing the following risk details: Title, Description and Owner(s).
Top Tips
- Owners must be added to the Team Members table, otherwise they will not have permission to access the project or activity.
- The layout of the risk table can be changed to an Edit All view by clicking on the downward arrow next to Add and selecting Layout. Click on the following highlighted link for more information on tailoring your project table layout.
- Click on the following link to learn how to print out your risk summary report - How to print specific parts of your project.