Overview
Program-level risks are uncertainties that can impact the successful delivery of objectives across multiple projects within a program. These risks may relate to Schedule, Resource availability, Scope changes, Financial constraints, Performance issues, Technical challenges, or External factors.
By proactively identifying and managing these risks, program leaders can minimize disruption, ensure better alignment across workstreams, and keep the program on track—despite complexity, dependencies, or evolving conditions.
This article explains how to manage risks at the program level using the Risk Management Studio. It covers how to add, update, and categorize risks using the ROAM framework, and shows how AIZO can enhance risk management by providing intelligent, program-specific recommendations
Understanding the ROAM Framework
The ROAM framework helps you categorize and track risks based on how they are handled:
| ROAM Status | Meaning |
|---|---|
| Resolved | The risk is no longer a threat or has been neutralized. No further action is needed. |
| Owned | The risk is still active, and a specific person/team is responsible for managing it. |
| Accepted | The risk cannot be avoided or mitigated and must be accepted. Plans are in place to respond if it occurs. |
| Mitigated | A mitigation strategy is in place to reduce the impact or likelihood of the risk occurring. |
📌Step1-Accessing the Risk Management Studio
- From your Program Office, click the "Risk Management Studio" icon
📌Step2-How to Add a new Risk
1. Select the Program in which you want to add an new risk
2. Click 
to open the “Create Risk” dialog box
3. Complete the fields below. Click the AIZO icon 
to receive to receive real-time, AI-powered suggestions tailored to your program’s context.
| Field | Description |
|---|---|
| Type | Choose from: Schedule, Resource, Scope, Financial, Performance, Technical, or External Risk |
| Title & Description | Add a clear title and detailed description of the risk |
| Occurrence | Select: Unlikely, Possible, or Likely |
| Impact | Select: Minor, Moderate, or Major |
| Identification Date | Enter the date the risk was first identified |
| Target Resolution Date | Set a planned resolution or mitigation deadline |
| Consequence | Describe what could happen if the risk materializes |
| Mitigation | Outline steps to reduce or eliminate the risk before it occurs |
| Contingency | Define a fallback plan if the risk does occur |
| Owner | Assign a team member responsible for tracking and resolving the risk |
| ROAM Status | Classify the current handling strategy: Resolved, Owned, Accepted, or Mitigated |
| Critical Path | indicate whether the risk directly impacts the critical path of the program : Yes or No |
💡Use AIZO
AIZO 
, your AI-powered assistant, can support you throughout the risk management process. It helps you develop, refine risks by suggesting relevant descriptions, mitigation strategies, contingency plans, and ROAM classifications based on portfolio context. This accelerates risk entry, improves consistency, and ensures that risk documentation is comprehensive and aligned with best practices.
Simply activate AIZO while filling out risk fields to receive intelligent suggestions tailored to your program type and risk category. See Example below :
✏️How to Manage an existing Risk
1. Select the Program from the list where the risk is registered
2. Apply filters if needed (Occurrence, Impact, ROAM Status) to find the risk faster.
3. Click Edit 
on the risk you want to update.
4. Modify the relevant fields such as description, status, mitigation plan, or ownership
5. Click 
to save your changes.
✅Summary
By leveraging the Risk Management Studio and applying the ROAM framework, organizations can systematically identify, categorize, and address critical risks that may impact program outcomes.
With the support of AIZO, you can accelerate the risk documentation process, enhance consistency, and develop strong mitigation strategies—ensuring your programs remain resilient, adaptable, and strategically focused in the face of uncertainty.