How to set up “risks” to be used in the Procurement Contracts by all users.

During an implementation, the super user is requesting you to explain how to set up “risks” to be used in the Procurement Contracts by all users. You are in the middle of the year and currently there are few “risks” that are already defined and the organization is planning to introduce new “risks” from New Year’s Day.Identify the two steps the user should follow to fulfill this requirement.

Question:

How to set up “risks” to be used in the Procurement Contracts by all users.

Options:

Wait until year end, inactivate the old risks data on year end, and create and activate new risks from the same day.

Provide an end date as year end for the old risk data, create new risks now, and provide New year’s Day as start date.

Create new risks now, enable those at year end, and disable the old data on year end.

The user needs to delete old risks and create new risks around the year end.

Correct Answer

The Correct Answer for this Question is

Provide an end date as year end for the old risk data, create new risks now, and provide New year’s Day as start date.
The user needs to delete old risks and create new risks around the year end.

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