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Risk Management in edison365

Keeping tabs on - and managing - your risks is a fundamental part of project delivery. So, here's how to set up your all-important risk register in the Core App.

HubSpot Video

How to Set Up a Risk Register

standard table 1-1Head to the Admin panel and select the "Fields" button.

Within here, we recommend creating fields for:

  • Risk severity
  • Risk probability
  • Risk impact.

It's a good idea to have these configured as either number or percentage fields. 

Once you have all your fields, you'll probably want to calculate your risk score! To do this:

  1. Create a field 
  2. In the "field type" box, select "calculated"
  3. You can then build an equation by selecting the field names you've configured and choosing a series of operators (e.g. severity + probability + impact)
  4. Once you're happy, click "save"!

So, you've now made your fields - it's time to put them all together in a table!

  1. Head back to the Admin panel and select the Tables tab
  2. Create a Standard Table
  3. Add your chosen field types
  4. Don't forget to save!

Now, you'll see your risk table appear within your projects. Why not head into a test one and give it a go?

edison365's Top Tips for Risk Management

  • When configuring your fields, don't forget that you can set a maximum value for each number!
  • When you're putting your tables together, it's great to add a little bit more flavor to give people context. For example, you might decide to include the potential benefits of a project, alongside its risk. 
  • Remember: you can save on time by copying an existing table, and amending the fields.