Risk Register B

project name:

1 Objective:

to keep track of the status of all project risks

2 Short explanation of the project:

B Type:

B = Business/organisation, P =

Project, S

= Stage



Risk description


Date recorded

Date of last change

Limit date









The Risk Register shows the risks, the owner of these risks, the planning of the measures and their status. In addition it is wise to record in this log to what extent risks threaten the project. This prevents time being wasted on removing negligible risks. An accepted formula for this is: risk = possibility x impact

Possibility: 0 to 4 (impossible, low, average, high, certain). Impact: 0 to 4 (imperceptible, low, fairly serious, very serious, catastrophic).

Risk: from uncomfortable (risk taken into account) to damaging (prevention is better than cure) to fatal (to be prevented at all costs).

Risk analysis is a procedure that provides insight into foreseeable problems in a project. To diminish the risks, precautionary actions and countermeasures are taken. The step-by-step plan below describes how it is done:

1. What can go wrong?

2. What problem can the risk cause in the project?

4. What possible causes can the problem have?

5. What is the likelihood of these causes?

6. What are possible preventative actions or countermeasures?

7. What are the alternatives or make-shift solutions?

This step-by-step plan is to be dealt with from the outside inwards and from the inside outwards. With the first approach, those involved look at the general risks that can occur within the organisation. Next they evaluate the project risks emanating from these. With the second procedure those involved begin with the project. Next they explore the environment. Design standard risk analysis questionnaires for your organisation and maintain them.

0 0

Post a comment