---
title: Risk form of Project Workspace
description: Learn about the fields on the Risk form of the Project Workspace. Use this form to add risk to your projects.
locale: en-US
canonical_url: https://www.servicenow.com/docs/r/australia/it-business-management/project-workspace/risk-form-project-workspace.html
release: australia
product: Project Workspace
classification: project-workspace
topic_type: reference
last_updated: "2026-03-12"
reading_time_minutes: 2
breadcrumb: [Form field information for Project Workspace, Project Workspace reference, Project Workspace, Project Portfolio Management, Strategic Portfolio Management]
---

# Risk form of Project Workspace

Learn about the fields on the Risk form of the Project Workspace. Use this form to add risk to your projects.

<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. All new risks are created in the Pending state.The available states are:

-   AI Draft \(Only in case of AI identified risks\)
-   Pending
-   Open
-   Work in Progress
-   Closed Complete
-   Closed Incomplete
-   Closed Skipped

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

Risk status

</td><td>

Status of the risk. The available options 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 may occur. The available options are:-   Absolute
-   High
-   Moderate
-   Low

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

Impact

</td><td>

Impact of the risk event on the outcome of the project.

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

Estimated cost

</td><td>

Estimated cost generated by the risk event.

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

Risk rank

</td><td>

A value and color assigned to the risk. This value is calculated using risk probability and impact. You can configure the color and value using the Risk Value Lookup. For more information, see [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).

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

Risk owner

</td><td>

Primary resource who is responsible for monitoring and managing the risk.

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

Assigned to

</td><td>

Primary resource assigned to work on the risk.

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

Risk value

</td><td>

A value calculated from the Risk Value Lookup. For more information, see [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).

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

Due date

</td><td>

Requested date for one of the following situations:-   If the risk has an assigned resource, then the **Due date** is the date for resolving the risk.
-   If the risk is assigned to any resource, then the **Due date** isn’t the date when the risk must be closed or addressed.

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

Show on project status report

</td><td>

Option to specify whether the risk information should be included in the project status report.

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

Task

</td><td>

Project to which this risk belongs.

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

Short description

</td><td>

Brief description of the event and its potential impact on the success of the project. If the risk is created from the risk library, then this field displays the **Risk Statement** name.

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

Description

</td><td>

Details of the event and its potential impact. If the risk is created from the risk library, then this field displays the Risk Statement short description.

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

Actual cost

</td><td>

Cost generated by the risk event. This information gets added when and if the event occurs.

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

Mitigation plan

</td><td>

Brief description of efforts taken to mitigate the risk.

</td></tr></tbody>
</table>**Note:** The Risk Assessment Summary section only appears when the **Enable Advanced Risk PPM Integration** property is enabled.

|Field|Description|
|-----|-----------|
|Inherent risk|This field gets auto-populated with the risk scores when the risk assessor evaluates the inherent risk.|
|Elevated to enterprise risk|This option gets selected automatically when the risk is elevated to enterprise risk by the project manager.|
|Residual risk|This field gets auto-populated with the risk scores when the risk assessor evaluates the residual risk.|
|Enterprise inherent risk|This field gets auto-populated with the risk scores when the risk assessor assesses the enterprise inherent risk.|
|Enterprise residual risk|This field gets auto-populated with the risk scores when the risk assessor evaluates the enterprise residual risk.|

**Parent Topic:**[Form field information for Project Workspace](https://raw.githubusercontent.com/ServiceNow/ServiceNowDocs/australia/markdown/australia/it-business-management/project-workspace/form-field-information-for-project-workspace.md)