Configure a custom risk rank and risk value

---
title: Configure a custom risk rank and risk value
description: Configure custom risk ranks and value scores to rate the impact and probability factors of risks. These values determine the degree of the risks associated with a demand.
locale: en-US
canonical_url: https://www.servicenow.com/docs/r/australia/it-business-management/portfolio-planning/configure-custom-risk-rank-risk-value-ppw.html
release: australia
product: Portfolio Planning
classification: portfolio-planning
topic_type: task
last_updated: "2026-09-10"
reading_time_minutes: 1
breadcrumb: [Configure, Next Experience for Demand Management in Portfolio Planning, Portfolio Planning, Strategic Portfolio Management]
---

# Configure a custom risk rank and risk value

Configure custom risk ranks and value scores to rate the impact and probability factors of risks. These values determine the degree of the risks associated with a demand.

## Before you begin

Role required: pps\_admin

## Procedure

1.  Navigate to **All** > **Project Administration** > **Settings** > **Risk Value Lookup**.

2.  Select **New**.

3.  On the risk value lookup form, fill in the fields.

    For a description of the field names, see [Risk value lookup form](https://raw.githubusercontent.com/ServiceNow/ServiceNowDocs/australia/markdown/australia/it-business-management/portfolio-planning/risk-value-lookup-form-ppw.md).

4.  Select **Submit**.