Within Teamwork, risks are possible events that can have an impact on the success of your project.

You can record and track risks in each of your projects, and note a mitigation/response plan so your team knows what to do when a risk develops into an issue.

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For each risk, you can specify:

  • Probability of risk source happening
    • 1 - 3 (low impact - green)
    • 4 - 6 (medium impact - orange)
    • 7 - 9 (high impact - red)
  • Impact on project if risk source happens
    • 1 - 3 (low impact - green)
    • 4 - 6 (medium impact - orange)
    • 7 - 9 (high impact - red)
  • Status
    • Open
    • Pending
    • Closed
  • Impact Areas
    • Cost - a financial impact
    • Schedule - a time related impact 
    • Performance - an impact on output/success of a project
Once a risk has been added, you will see the risk result has been calculated based on.

  • Risk result = (probability) x (impact)
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For more information, see: Adding a Risk