Once you have set up your Risk Outcomes, you can now set enter and assign risks to your schedule. Risks can be stored in the Risk Register. Risk Register is a set of risks with input and output parameters.

Risks in RiskyProject are defined the following manner:
1. Name: names must for each risk must be unique. It is case sensitive.
2. Parameters: Parameters can be inputs or calculated. Input parameters include is it Risk or Issue, is this Opened and Closed, as well as multiple risk properties: date, owner, contact, department, area of risk, etc. You define default risk properties in the Risk menu > Default Risk Properties. All risks are stored in Risk Register.
3. Assignment : risks can have global (to all tasks or resources) or local (to specific task or resources) assignments. If a risk is not assigned, the impact of the risk cannot be calculated
4. Mutually exclusive alternatives: each risk assignment may have one or many mutually exclusive alternatives. Each alternative includes chance of occurrence, outcome, and outcome result.

Example
Your project has a risk: Low quality of component. The risk has the following input parameters:
•  It is open
•  It is a risk not an issue
•  It has a number of parameters: detailed description, dates created and modified, owner, recorder and other information.

You need to assign the risk to tasks or resources. This assignment information will include a number of mutually exclusive alternatives for to each task the risk is assigned.

For example, the risk is assigned to the task “Component installation” with one alternative: Chance of occurrence 10%, Outcome: Restart Task. The risk is also assigned to the task: “Testing” with two alternatives: Chance of occurrence 10%, Outcome: Restart Task and Chance of occurrence 15%, Outcome Delay 2 days.

See also

Risk Register

Setting up risk defaults

Saving and loading the Risk Register