Register sample format and example risk, Risk Management

Using the above information, and any other information (state assumptions), create the start of a risk register for the project, using the Risk Register Sample below as a guide. Identify six potential risks, including at least two positive risks. Use MS Excel to enter the register and print it out.

2404_risk management.png

For example, the following data might be entered for the first risk in the register as follows.

No.: R12

Rank: 1

Risk: New Customer

Description: we've never done a project for this organization before and don't know too much about them. One of our company's strengths is building good customer relationships, which often leads to further projects with that customer. We might have trouble working with this customer since they are new to us. 

Category: people risk

Root Cause: we won a contract to work on a project without really getting to know the customer. Triggers: the Project manager and other senior managers realize that we don't know much about this customer and could easily misunderstand their needs or expectations.  Risk responses: make sure the project manager is sensitive to the fact that this is a new customer and takes the time to understand them. Have the PM set up a meeting to get to know the customer and clarify their expectations. Have Cliff attended the meeting, too. 

Risk owner: our project manager  Probability:

Impact: High 9 (scale 1-10)

Status: PM will set up the meeting within one week.

Posted Date: 3/6/2013 4:25:01 AM | Location : United States

Related Discussions:- Register sample format and example risk, Assignment Help, Ask Question on Register sample format and example risk, Get Answer, Expert's Help, Register sample format and example risk Discussions

Write discussion on Register sample format and example risk
Your posts are moderated
Related Questions
First's current stock price is $260. The price may rise to $300 or fall to $170 in one month. The risk-free interest rate is 18% per year. a. Using the replication portfolio app

An Australian company purchases wheat on a regular basis and is concerned about rising grain prices. It is now June and the company is in the process of planning their October whea

Black Rock Investors is managing the pension fund of Virgin Atlantic. Sir Richard Branson wants to assess the risk of the portfolio following the Euro crisis. During a discussion

Q. What is Expected Return on a Portfolio? The Expected Return on a Portfolio is simply' the weighted average of the expected returns of the individual securities in the given

Q. Show Quick and regular returns of the investments? Quick and regular returns of the investments: every investor wants a quick and regular returns on his investment sufficienc

Explain how budget planning is related risk management

Develop strategies to eliminate, mitigate, deflect or accept risk • Risk treatment strategies: Risk avoidance, reduction, transfer and retention • The types of controls that can

It is a professional organization for associates and academics in the insurance sector. The American Risk and Insurance Association comprises of scholars, carriers and individuals

Political risk analysis is conducted by a company considering international operations and normally focuses on the  political and cultural differences between the home and targ

how to survie in this highly complicated world