Setting the currency of risk costs

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If a risk occurs, it incurs cost. You can specify a currency for the costs of risks that might occur in your project. The only purpose of the currency is to be displayed with the consequence cost and the probability cost for a risk.

About this task

By default, the currency for the Formal Project Management process template is set to USD. You can set the currency either in the Project Area editor or in the Formal Project Management process template. The currency is only displayed with the consequence cost and the probability cost for a risk.
Remember:

By default, this feature is available in the Formal Project Management process template. If you are using the Scrum process template, you can enable this feature by customizing the template. For more information about customizing the template, see Adding formal project management features to a process template.

Procedure

To set the currency for the cost of a risk:

  1. Open either the project area editor or process template editor.
  2. On the Process Configuration tab, expand Project Configuration > Configuration Data > Planning and click Financial.
  3. From the Default Currency list, select a currency.
  4. To add a currency, in the Currency section, click Add, type the currency code, and click OK.
    If possible, add only one currency for a project. The currency code must adhere to the International Organization for Standardization (ISO) format.
  5. Click Save.