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Importance of Risk Register in Overall Risk Management

   

Added on  2022-08-16

9 Pages1338 Words12 Views
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Running head: BSC PM
Case Scenario 2
Name of Student
Name of University
Author Note
Importance of Risk Register in Overall Risk Management_1

1
BSC PM
Table of Contents
1. Risk Register....................................................................................................................2
2. Importance of Risk Register in Overall Risk Management.............................................6
References............................................................................................................................8
Importance of Risk Register in Overall Risk Management_2

2
BSC PM
Part 2
1. Risk Register
The key risks in “trip to Uganda” project is documented in the register below-
Severity Prior Mitigation Severity After Mitigation
Financia
l
Likelih
ood
Impa
ct
Rati
ng
Mitigatio
n
Likelihood after
mitigation
Impact After
Mitigation
Rating after
Mitigation
Contingency
Plan Status
Owne
r
F1:
Budget
Issues
might
arise as
the initial
investme
nt cost is
high
1 3 3 Good
Budget
Estimation
is Needed
before
developin
g Project
Plan
1 2 2 Increasing or
decreasing the
duration of
field trip
Action
Comple
te-
Monito
r
Spons
or
F2: Any
medical
emergen
cies in
Uganda
can lead
to
Budget
Issues
1 2 2 Medical
Check-up
for
students
as well as
faculty is
recommen
ded
1 1 1 Medical
Fitness is
made a
compulsory
requirement
Action
to be
Agreed
Proje
ct
Team
Importance of Risk Register in Overall Risk Management_3

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