Making changes to the “Risks” list in a Project Site (connected to Project Online/Server), requires knowledge of the rules.
Primary rule: Do not delete or modify any of the default Risk list fields, but feel free to change the lookup values for e.g. Status and Category.
Next, you typically would like to then hide the fields that will not be used.
To get started, navigate to the List Settings of the Risk list
Click on “Advanced Settings” (which will later activate the “content types” settings area as seen below)
Click yes to “allow management of content types”
Now go back and click on content types. You are now able to select all the fields that are found default in the Risks list
After having selected a particular field, you can now control if the field should be required, optional or simply hidden
…and you are done:-)
Following this little guide will ensure that your reporting feeds for the “Risks” list will still work as expected.