Risk register
Contents
ix Importance of Risk Documentation
The uncertainty surrounding any decision or action that may negatively affect a project’s success can be defined as a risk and knowing how to classify and document these risks is essential to the success of any project. This is because risk uncertainty can be difficult to control and predict; being able to communicate risk likelihood and categorisation to a project team in an efficient way allows the team to evaluate risks together and identify to what extent they can prevent these risks from happening. Documenting risks from an early stage streamlines a team’s goals and their perception of the project, working as a communication tool and a risk management tool simultaneously. The Risk Register can be used as the optimal risk documentation tool.
1. Definition of a Risk Register
A risk register is the baseline document of the process of managing risk (reference Winch);
2. Defining Relevant Risks
3. Layout
3.1 Templates
3.2 Types
4. Utilisation
4.1 Current Utilisation
4.2 Future Utilisation
5. Faults
6. Notes and Citations.
