Create configuration values for risk likelihood

task australia Updated Sep 10, 2026 1 min read risk-likelihood-config.md

Raw file servicenow.com

Use the Risk Likelihood module to create configuration values for the likelihood vector.

Before you begin

Role required: sn_eam.enterprise_admin

Procedure

Navigate to Workspaces > Enterprise Asset Workspace.
From the Enterprise Asset Workspace, open the Admin center view.
From the navigation panel of the Admin center view, navigate to Risk configuration > Risk likelihood.
Select New.
Enter a label in the Enterprise Risk Likelihood Configuration page.

The Value field is an incremental field and cannot be edited.
Select Submit.

The Display Name field is automatically populated and is a concatenation of the value and the label. For example, if 1 is the value and Low is the label, the Display Name field appears as 1-Low.
To add more configuration values, repeat steps 2-4.

There should be a minimum of three likelihood records and a maximum of ten.
Select Freeze after you have added the configuration records.
Select OK in the warning message box to continue freezing your configuration records.

Note: You cannot add or delete any likelihood configuration records after you select Freeze. You can however edit the Label field in the existing records.

Parent Topic:Managing risk in Enterprise Asset Management

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---
title: Create configuration values for risk likelihood
description: Use the Risk Likelihood module to create configuration values for the likelihood vector.
locale: en-US
canonical_url: https://www.servicenow.com/docs/r/australia/it-asset-management/enterprise-asset-management/risk-likelihood-config.html
release: australia
product: Enterprise Asset Management
classification: enterprise-asset-management
topic_type: task
last_updated: "2026-09-10"
reading_time_minutes: 1
breadcrumb: [Configuring risk, Configure, Enterprise Asset Management, Asset Management]
---

# Create configuration values for risk likelihood

Use the Risk Likelihood module to create configuration values for the likelihood vector.

## Before you begin

Role required: sn\_eam.enterprise\_admin

## Procedure

1. Navigate to **Workspaces** &gt; **Enterprise Asset Workspace**.

2. From the Enterprise Asset Workspace, open the Admin center view.

3. From the navigation panel of the Admin center view, navigate to **Risk configuration** &gt; **Risk likelihood**.

4. Select **New**.

5. Enter a label in the Enterprise Risk Likelihood Configuration page.

The **Value** field is an incremental field and cannot be edited.

6. Select **Submit**.

The **Display Name** field is automatically populated and is a concatenation of the value and the label. For example, if 1 is the value and Low is the label, the **Display Name** field appears as `1-Low`.

7. To add more configuration values, repeat steps 2-4.

There should be a minimum of three likelihood records and a maximum of ten.

8. Select **Freeze** after you have added the configuration records.

9. Select **OK** in the warning message box to continue freezing your configuration records.

**Note:** You cannot add or delete any likelihood configuration records after you select **Freeze**. You can however edit the **Label** field in the existing records.

**Parent Topic:**[Managing risk in Enterprise Asset Management](https://raw.githubusercontent.com/ServiceNow/ServiceNowDocs/australia/markdown/australia/it-asset-management/enterprise-asset-management/managing-eam-risk-scores.md)