Risk form

reference australia Updated Sep 10, 2026 1 min read risk-form-dw.md
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The risk form enables you to define a risk for a demand.

Field

Description

Number

System-generated ID number with a configurable prefix.

State

Current state of the risk. Risks are created in the Pending state.The available values are:

  • Pending
  • Open
  • Work in Progress
  • Closed Complete
  • Closed Incomplete
  • Closed Skipped

Risk status

Status of the risk. Risks are created in the Pending status. The available values are:

  • Pending
  • Achieved
  • Not Achieved
  • Avoid
  • Mitigate
  • Transfer
  • Accept

Probability

The likelihood that the event described in the risk can occur. Risks are created with Low probability. The available values are:

  • Absolute
  • High
  • Moderate
  • Low

Impact

Impact of the risk on the demand. Risks are created with Low impact.The available values are:

  • High
  • Medium
  • Low

Estimated cost

Estimated cost generated by the risk.

Risk rank

Combination of value and color assigned to the risk. This value is calculated using the Probability and Impact values.

Risk owner

Resource responsible for monitoring and managing the risk.

Assigned to

Resource responsible for resolving or mitigating the risk.

Risk value

Value for the specified risk impact and probability combination.

Due date

Requested date for risk resolution or closure.- If the risk has an assigned resource, the due date is for resolving the risk.

  • If the risk isn’t assigned to any resource, the due date is for closing or addressing the risk.

Task

Demand associated with the risk. This field is auto-populated.

Short description

Brief summary of the risk.

Description

Brief description of the risk and its impacts on the demand.

Mitigation plan

Brief description of the efforts taken to mitigate the risk.

Work notes

Information about the risk.

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