Risk Register: Importance, Examples, and Communication in Project Management

PART 2
Risk Register
With formulation of a risk register table or document this is easy for management to
handle and control different type of risk which is associated with project. With understand of risk
aspects this is also easy for individuals to perform and manage their work according to
appropriate risk aspects. The below table is mention to control risk aspects that is related with
development of college.
Risk-name Impact Pre action
score
Post action
score
Probability of
risk
Strategic Risk It indicates different hazard
which is related with
working technology.
According to this situation
manager of college is
focused towards develop of
better and effective strategies
to manage hazard related
system.
7 8 3
Performance
related risk
This is related with
workforce and it demonstrate
that how engaged staff
perform their role at
workplace. Further, it is
important for manager to
decided some benchmarks.
This aids to improve overall
education services by
performing task in an
8 6 3

organised manner.
Legal Risk The another risk aspects
which is related with rules
and regulations define that
change in rules reduce time-
period of management. This
is important for organisation
and educational campus to
improve their rules because
all factors are examined to
perform work with legal
approach.
9 6 1
Technology
Risk
With analyse of technical
risk aspects this is instituted
by management that it
provide technical risk
aspects. This generate
challenges for management
to perform and manage their
work as staff is not friendly
with technology aspects.
This generate problems for
persons to perform their
work by analyse of company
roles. It also offer support to
individuals for improving
persons learning process.
8 8 2
Uncertain events When different
contingencies take place than
it impacts on project.
7 8 3