There will be a number of times over the course of the project’s respective life cycle that the project management team and or the project management team leader will find themselves in a position in which they realize that a particular component as to the project and or a particular facet of that project does in fact come with a set or series of inherent risk. After all of these likely and potential risks have been properly organized and categorized, it is up to the project management team and or the project manager to effectively determine the best way to deal with these risks. The specific document that is used to detail the results of the qualitative and quantitative risk analyses is known as the risk register. The risk register details all risks, provides descriptions of them, categorizes them, and also discusses potential causes as well as probability. Also discussed are potential responses as well as who would be responsible for dealing with the risks. The risk register is part of the project management plan.
This term is defined in the 3rd and the 4th edition of the PMBOK.
No comment yet, add your voice below!