Try It!

While your organization likely has a more specific definition of risks (and issues), a risk is generally defined as a future challenge, or opportunity, that could impact the project’s successful conclusion. The key to ensuring that a risk is managed, is assigning it to a responsible individual.

To manage project risks:

Create new risk

1. Ensure you have the appropriate project open in Project IQ.
   
   
2. Click the Risks tab.
   
   
3. Click +New Risk.
   
   
4. Fill in the Name field.
   
   
   Important: It is mandatory and it should be clear and concise to help users identify the risk in screens, reports, and dashboards.
   
   
5. Provide additional details in the remaining fields.
   
   
6. Click Save and Close.
   
   

2.  Update risks

1. Ensure you have the appropriate project open in Project IQ.
   
   
2. Click the Risks tab.
   
   
3. Click on the Risk to be updated from the list.
   
   
4. Update any field, as required.
   
   
5. Click Save & Close
   
   

Download Job Aid: Collaborating on project support items

_{Disclaimer: Some images in the instructional video and text instructions contained herein may appear different from (or not available) in your organization’s Sensei IQ instance due to specific custom configurations and/or continuous solution updates. Ensure that you are already an enabled user in the Sensei.IQ for Project application and check out the What’s New page. Contact your system administrator for any assistance.}