---
title: Add a risk event consequence to the consequence library
description: A consequences library is a centralized library of the possible consequences of a risk event.
locale: en-US
canonical_url: https://www.servicenow.com/docs/r/australia/governance-risk-compliance/grc-risk-management-workspace/add-consequence.html
release: australia
product: GRC: Risk Management Workspace
classification: grc-risk-management-workspace
topic_type: task
last_updated: "2026-03-12"
reading_time_minutes: 1
breadcrumb: [Use Risk Events, Use, Risk Management, Governance, Risk, and Compliance]
---

# Add a risk event consequence to the consequence library

A consequences library is a centralized library of the possible consequences of a risk event.

## Before you begin

Role required: sn\_risk.manager and sn\_risk.admin

## About this task

Add a risk event consequence to the consequence library to help with risk analysis, risk prediction, and risk prevention.

## Procedure

1.  Navigate to **All** > **Risk Events** > **Administration** > **Consequences**.

2.  Click **New**.

3.  On the form, fill in the fields.

    |Field|Description|
    |-----|-----------|
    |Name|Consequence name. For example, `Asset loss`.|
    |Parent|Parent of the consequence. The parent refers to the group under which the consequence is categorized. For example, for Asset loss, the parent consequence can be Damage to Physical Assets.|
    |Description|Brief description of the consequence.|

4.  Click **Submit**.


## Result

The risk event consequence is added to the library.

**Parent Topic:**[Use Risk Events](https://raw.githubusercontent.com/ServiceNow/ServiceNowDocs/australia/markdown/australia/governance-risk-compliance/grc-risk-management-workspace/use-risk-events.md)

**Related topics**  


[Add a risk event cause to the cause library](https://raw.githubusercontent.com/ServiceNow/ServiceNowDocs/australia/markdown/australia/governance-risk-compliance/grc-risk-management-workspace/add-cause.md)