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
#queThe management of Nelson plc wish to estimate their firm’s equity beta. Nelson has had a stock market quotation for only two months and the financial management feels that it w

Risk Management The major risks involved in the implementation of syringe management plan include the following. Ideas to manage them are as well mentioned along with the risks

The marketing department of a vitamin water company wishes to determine the maximum expected payoff from introducing a new strawberry drink. What decision, in terms of choosing the

Question : Safety World Ltd is a new company that employs 110 people and provides contracting carpentry services to several organisations throughout the country. Some employe

On September 25,2008 a portfolio worth $10 million consisting of investments in four stock indices: DJIA, FTSE 100, CAC 40 and NIKKEI 225. The value of the investment in each index

Quesiton: (a) Describe why people management is important for the success of a project (b) Show which people and groups of people are important for the success of a project

Question: You work in one of the major commercial banks of the island and your institution is contemplating venturing into Internet banking in the near future. As the risk m

Define the Regulation Risk - Non-Systematic Risk Some  investments  can  be  comparatively attractive  to  other investments  due to certain  regulations  or  tax  laws  which

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

The purpose of this memorandum is to outline in sufficient detail the terms of the audit engagement. In planning the audit engagement for Toy Local Corporation for the year ended O