Define the risk appetite for a risk

---
title: Define the risk appetite for a risk
description: Define the risk appetite on the risk records in the Risk Management application to evaluate all possible risks and to set the boundaries for acceptable and unacceptable risks.
locale: en-US
canonical_url: https://www.servicenow.com/docs/r/australia/governance-risk-compliance/grc-risk-management-workspace/define-risk-appetite-on-risk.html
release: australia
product: GRC: Risk Management Workspace
classification: grc-risk-management-workspace
topic_type: task
last_updated: "2026-09-10"
reading_time_minutes: 1
breadcrumb: [Use Risk Workspace, Risk Management, Governance, Risk, and Compliance]
---

# Define the risk appetite for a risk

Define the risk appetite on the risk records in the Risk Management application to evaluate all possible risks and to set the boundaries for acceptable and unacceptable risks.

## Before you begin

Role required: sn\_risk.user

## About this task

Risks inherit the appetite value from the associated risk statement. Risk owners can also define the risk appetite and tolerance on the risk form when there’s a business requirement to override the parent value. For more information on the risk appetite and tolerance, see [Risk appetite and tolerance in Advanced Risk](https://raw.githubusercontent.com/ServiceNow/ServiceNowDocs/australia/markdown/australia/governance-risk-compliance/grc-risk-management-workspace/risk-appetite-tolerance.md).

## Procedure

1.  Navigate to **All** > **Risk** > **Risk Workspace**.

2.  Select the list icon \[Omitted image "list-icon-riskworkspace.png"\] Alt text: List icon. and navigate to the risk.

3.  Define the risk appetite for a new or an existing risk:

    -   To define the risk appetite for a new risk, select **New**.
    -   To define the risk appetite for an existing risk, select and open the required risk record.
4.  On the risk form, select the **Risk Appetite** section and fill in the fields.

    For a description of the field values, see [Risk appetite fields on the Risk form](https://raw.githubusercontent.com/ServiceNow/ServiceNowDocs/australia/markdown/australia/governance-risk-compliance/grc-risk-management-workspace/risk-appetite-fields-on-risk.md).

5.  Select **Save**.


-   **[Risk appetite fields on the Risk form](https://raw.githubusercontent.com/ServiceNow/ServiceNowDocs/australia/markdown/australia/governance-risk-compliance/grc-risk-management-workspace/risk-appetite-fields-on-risk.md)**  
Learn about the risk appetite fields on the Risk form. Use these fields to define the risk appetite, evaluate all the possible risks, and set the boundaries for acceptable and unacceptable risks in the Risk Management application.

**Parent Topic:**[Using the Risk Workspace](https://raw.githubusercontent.com/ServiceNow/ServiceNowDocs/australia/markdown/australia/governance-risk-compliance/grc-risk-management-workspace/using-risk-workspace.md)