Risk Register Example20 January 2019
Risk Register Example
When it comes to project management, understanding risk & knowing how to minimize its impacts (or take full advantage of its opportunities) on your project are essential for success. The Risk Register is important to the management of risk. As risks are identified they should be logged on the register & actions should be taken to respond to the risk.
Risk Managers always try to reduce the likelihood of the risk occurring or the impact if the risk does occur. These responses are documented on the Risk Register & the register should always be reviewed to monitor progress. the Risk Register must be reviewed in every project team meeting. It should certainly be a review at the end of each phase of the project lifecycle. Risk management should be a constant ongoing process with the project team raising risks with the Risk Manager or Project Manager who then logs the risk and identifies actions that can be taken to mitigate the risk. To respond properly to a risk the Risk Manager may need to bring in experts to understand the actions that can be taken to reduce the likelihood of the risk appearing or the impact if the risk does occur.