Introduce a visual indicator, similar to a stoplight system, to represent the risk level associated with records such as grants or other engagements. This would allow users to quickly assess the likelihood of success by viewing the associated risk level at a glance:

• Green – Low Risk
• Yellow – Medium Risk
• Red – High Risk
• Grey – No Value/Not Assessed

Key Features:

• Display Locations: The indicator should be visible on the individual record, within list views, and be accessible for reporting purposes.

• Data Representation: In addition to the color-coded indicator, the corresponding textual value (High, Medium, Low, or None) must also be retrievable for use in filters, logic, and reports.

Value Assignment:
- Risk levels can be set manually by users.
- Alternatively, the values can be determined automatically based on predefined criteria. For example:

A custom numeric field (e.g., "Risk Score") could be used.
If the score is between:
- 1–25%, set to Green (Low Risk)
- 26–50%, set to Yellow (Medium Risk)
- 51–100%, set to Red (High Risk)
- No value, set to Grey (Unassessed)

This would help support better risk assessment and decision-making across grant and engagement records.