Handle a materialised risk

A risk that occurs stops being a risk. It becomes a governance issue that needs a decision. This guide covers marking a risk as materialised and routing it to a decision of record.

Before you start

• You need edit rights on the project.
• Only downside Risks can materialise (not opportunities).

Mark a risk as materialised

1. Open Risks & opportunities and edit the risk that occurred.
2. Enable the Has this risk materialised? toggle.
3. Save.

The register pins the risk to the top under Materialised risks. The risk also surfaces on Investment Health under Decisions Needed, where the sponsor already looks.

Route it to a decision

A materialised risk stays in the “needs a decision” state until you record what the investment will do about it:

1. Open the Decisions register.
2. Record a decision — reference the materialised risk it responds to, so the audit trail links the two.
3. Give the decision a Made on date and name who made it. Until it has a date the decision is pending, and the stage checklist counts it as such.

Tip

This is the materialised-risk pattern: Tollgate doesn’t add an “Issues” tab. A risk that occurs becomes a decision of record, which is the governance view a sponsor needs.

Related

• Log a risk and apply a treatment.
• Record a decision.