---
title: Create a risk framework in the Risk Workspace
description: Create risk frameworks to group risk statements into manageable categories and generate risks. After the risks are generated, you can identify methods to mitigate them.
locale: en-US
canonical_url: https://www.servicenow.com/docs/r/australia/governance-risk-compliance/grc-risk-management-workspace/create-risk-framework.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 Workspace, Risk Management, Governance, Risk, and Compliance]
---

# Create a risk framework in the Risk Workspace

Create risk frameworks to group risk statements into manageable categories and generate risks. After the risks are generated, you can identify methods to mitigate them.

## Before you begin

Role required: sn\_risk.manager

## Procedure

1.  Navigate to **All** > **Risk** > **Risk Workspace** > **Library** > **Risk frameworks**.

2.  Click **New**.

3.  On the form, fill in the fields.

<table id="table_FloorForm"><thead><tr><th>

Field

</th><th>

Description

</th></tr></thead><tbody><tr><td>

Number

</td><td>

Unique identification number.

</td></tr><tr><td>

Active

</td><td>

Option to indicate whether the risk framework is active.**Note:** If a risk framework is made inactive or retired, all the associate risk statements and risk records are also deactivated.

</td></tr><tr><td>

Name

</td><td>

Name of the risk framework.

</td></tr><tr><td>

Description

</td><td>

Description of the risk framework.

</td></tr><tr><td>

Additional information

</td><td>

Additional information for this risk framework.

</td></tr></tbody>
</table>4.  Click **Save**.

5.  To add entities from entity types, click the Entity types related list.

    1.  Click **Add**.

    2.  Select the entity types.

    3.  Click **Add**.

6.  To add risk statements, click the Risk Statements related list and do one of the following.

<table id="choicetable_tsm_t3y_qpb"><thead><tr><th align="left" id="d353123e219">

Choice

</th><th align="left" id="d353123e222">

Steps

</th></tr></thead><tbody><tr><td id="d353123e228">

**To add an existing risk statement**

</td><td>

1.  Click **Add**
2.  Select the risk statement.
3.  Click **Add**.


</td></tr><tr><td id="d353123e254">

**To create a risk statement**

</td><td>

1.  Click **New**.
2.  Select the risk statement and fill in the form.

For more information, see [Create a risk statement in the Risk Workspace](https://raw.githubusercontent.com/ServiceNow/ServiceNowDocs/australia/markdown/australia/governance-risk-compliance/grc-risk-management-workspace/create-risk-stmt-workspace.md).

3.  Click **Add**.


</td></tr></tbody>
</table>
## Result

The new risk framework is created.

-   **[Create a risk statement in the Risk Workspace](https://raw.githubusercontent.com/ServiceNow/ServiceNowDocs/australia/markdown/australia/governance-risk-compliance/grc-risk-management-workspace/create-risk-stmt-workspace.md)**  
Create risk statements to group risks into manageable categories.

**Parent Topic:**[Using the Risk Workspace](https://raw.githubusercontent.com/ServiceNow/ServiceNowDocs/australia/markdown/australia/governance-risk-compliance/grc-risk-management-workspace/using-risk-workspace.md)