Risk Lifecycle

The project owner and people assigned Project Lead access to a project in Program Central can create risks for the project. Anyone with access to a risk can view its lifecycle.

The Risk lifecycle includes these states:

Create

The risk has just been created but no actual start date is assigned. This is the only state during which the risk can be deleted. After the owner enters the basic information and assigns people to the risk, the owner should promote the task to Assign, which is an indication to assignees that they can begin working on the risk.

Assign

The assignees should begin working on the risk by promoting it to Active, which populates the actual start date with the current date, or by entering an actual start date, which automatically promotes the risk to Active.

Active

The assignee is working on the risk.

Review

The risk is ready to be reviewed by other project or company personnel. Assignees should route the risk for review. When such as route is completed, the system automatically promotes the risk to Complete. Alternatively, the owner or assignee can manually promote the risk to Complete or enter an actual finish date, which promotes the risk.

Complete

The risk has been reviewed and is complete. When a risk is promoted to Complete, the system enters the current date as the actual finish date (entering the date may have triggered the promotion).