Join Bob McGannon for an in-depth discussion in this video Building a risk register, part of Project Management Foundations: Risk.
So you have a collection of items…that you want to keep track of…and care for appropriately.…First thing you would do…is find a place to keep them, right?…Many project managers draft a set of risks,…but create a problem for themselves…because they don't create a common and accessible place…to keep and care for them.…To prevent yourself from having…this problem on your projects,…it is important to create a risk register.…Let's examine the data elements you include…in a rich useful risk register.…
First and foremost, the risk register…captures details for the risks…that have been identified at the beginning…and during the life of the project.…It also includes the high, medium, or low grades…in terms of their likelihood of occurring…and how seriously they'd impact your project.…Second, you include the plans for treating each risk,…as well as the costs of any treatment strategy,…who's responsible to execute,…and the results if that strategy was executed.…
Third, your risk register should…identify the owner of the risk…
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- Incorporating risk management into your project
- Identifying risk
- Categorizing risks
- Performing qualitative and quantitative risk analysis
- Building a risk-response plan
- Deciding when to execute a risk-response plan<br><br>
- The PMI Registered Education Provider logo is a registered mark of the Project Management Institute, Inc.