@KatherineLa Thank you for sharing, but I believe that's for creating/managing risk types (i.e., "Technical', "Human Resources").  I may be missing something from the documentation, but it appears that "Risk Status" is not configurable.  

As a user working the risks section, I would like to be able: (1) Configure risks (ideal); or(2) Ensure that generally accepted risk types are included in the status list. While the risks section contains common risk statuses of Identified, Avoided, Mitigated, and Occurred, including Escalated, Expl...