---
title: Add risks for a project
description: Add a risk to a project to identify, analyze, prioritize, plan, and track a risk during any phase of the project life cycle. Assess potential problems and the severity of their impact to take informed decisions about the project.
locale: en-US
canonical_url: https://www.servicenow.com/docs/r/australia/it-business-management/project-management/add-risks-for-project.html
release: australia
product: Project Management
classification: project-management
topic_type: task
last_updated: "2026-03-12"
reading_time_minutes: 2
breadcrumb: [Adding RIDAC records for a project, Using Project Management, Project Management, Project Portfolio Management, Strategic Portfolio Management]
---

# Add risks for a project

Add a risk to a project to identify, analyze, prioritize, plan, and track a risk during any phase of the project life cycle. Assess potential problems and the severity of their impact to take informed decisions about the project.

## Before you begin

Role required: it\_project\_manager

## About this task

A risk is any uncertain event that can potentially impact the success or outcome of a project. For example, an incorrect estimate of factors like financial outlay or resource assignments can cause schedule slippage. Another example of a risk is a change in project requirements. Recording risks ensures that decision makers have all relevant information when assessing a project's progress. A project manager can add risks to a project and assess them. While adding risks, the project manager can add risks from an existing library of project risks that are applicable for their unique projects.

## Procedure

1.  Navigate to **All** > **Project** > **Projects** > **All**.

2.  Select the project to which you want to add risks.

3.  In the Risks related list, select **New**.

4.  Alternatively, select **Create from Library** if you have the Advanced Risk plugin activated.

    1.  Select the risk statements as required.

    2.  Select **Create Risks**.

    Only the risks statements that belong to the Project category are displayed for the user.

5.  On the Risk form, fill in the fields.

    For more information, see [RIDAC form fields](https://raw.githubusercontent.com/ServiceNow/ServiceNowDocs/australia/markdown/australia/it-business-management/project-management/ridac-forms.md).

    **Note:** The Risk Assessment Summary section only appears when the **Enable Advanced Risk PPM Integration** property is enabled.

6.  Select **Submit**.


## What to do next

-   Assess the risks that have been added. For more information, see [Assign project risks to stakeholders for assessment](https://raw.githubusercontent.com/ServiceNow/ServiceNowDocs/australia/markdown/governance-risk-compliance/assess-project-risk-using-ara.md)
-   Convert an existing risk to an issue, decision, action, or request change and close the risk. For more information, see [Convert RIDAC records for a project](https://raw.githubusercontent.com/ServiceNow/ServiceNowDocs/australia/markdown/australia/it-business-management/project-management/convert-ridac-for-project.md).
-   Associate the risk with existing issues so you can track dependencies and recognize trends for the future. For more information, see [Associate existing RIDAC records for a project](https://raw.githubusercontent.com/ServiceNow/ServiceNowDocs/australia/markdown/australia/it-business-management/project-management/reassociate-ridac-project.md).

**Related topics**  


[Adding RIDAC records for a project](https://raw.githubusercontent.com/ServiceNow/ServiceNowDocs/australia/markdown/australia/it-business-management/project-management/ridac-entries-for-project.md)

[Configure custom Risk rank and Risk value for a project](https://raw.githubusercontent.com/ServiceNow/ServiceNowDocs/australia/markdown/australia/it-business-management/project-management/risk-value-lookup-project.md)

[Convert RIDAC records for a project](https://raw.githubusercontent.com/ServiceNow/ServiceNowDocs/australia/markdown/australia/it-business-management/project-management/convert-ridac-for-project.md)

[Associate existing RIDAC records for a project](https://raw.githubusercontent.com/ServiceNow/ServiceNowDocs/australia/markdown/australia/it-business-management/project-management/reassociate-ridac-project.md)