---
title: Risk form
description: The risk form enables you to define a risk for a demand.
locale: en-US
canonical_url: https://www.servicenow.com/docs/r/australia/it-business-management/portfolio-planning/create-risk-form-ppw.html
release: australia
product: Portfolio Planning
classification: portfolio-planning
topic_type: reference
last_updated: "2026-03-12"
reading_time_minutes: 1
breadcrumb: [Forms, Reference, Next Experience for Demand Management in Portfolio Planning, Portfolio Planning, Strategic Portfolio Management]
---

# Risk form

The risk form enables you to define a risk for a demand.

<table id="table_mxx_gvp_z5b"><thead><tr><th>

Field

</th><th>

Description

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

Number

</td><td>

System-generated ID number with a configurable prefix.

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

State

</td><td>

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

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

Risk status

</td><td>

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

-   Pending
-   Achieved
-   Not Achieved
-   Avoid
-   Mitigate
-   Transfer
-   Accept

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

Probability

</td><td>

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

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

Impact

</td><td>

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

-   High
-   Medium
-   Low

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

Estimated cost

</td><td>

Estimated cost generated by the risk.

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

Risk rank

</td><td>

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

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

Risk owner

</td><td>

Resource responsible for monitoring and managing the risk.

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

Assigned to

</td><td>

Resource responsible for resolving or mitigating the risk.

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

Risk value

</td><td>

Value for the specified risk impact and probability combination.

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

Due date

</td><td>

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.

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

Task

</td><td>

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

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

Short description

</td><td>

Brief summary of the risk.

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

Description

</td><td>

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

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

Mitigation plan

</td><td>

Brief description of the efforts taken to mitigate the risk.

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

Work notes

</td><td>

Information about the risk.

</td></tr></tbody>
</table>