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Understanding Risk Register in Project Management

Learn about Risk Register, a tool to manage project risks and ensure success by identifying and addressing potential threats. Discover common project risks and effective risk response strategies to mitigate, transfer, avoid, or accept risks.

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Understanding Risk Register in Project Management

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Presentation Transcript

  1. Risk Register I want to plan a project by managing risks to its success

  2. What is it and why should I use it? • This tool is a living document that helps you manage risks that could jeopardize the delivery of your project.

  3. What are the main risks in your projects? Activity:

  4. Examples of risks • Political action or interference • Natural disasters • Misallocation of resources • Currency fluctuations • Changing donor mandates or policies • Social unrest • Low staff retention • Lack of necessary skills & expertise • Low capacities/ motivations of participants and/or community partners

  5. Risk Response Strategies Avoidance Do not do (or do in a different way) Transference Shifting (or sharing) the risk for some aspect of the project Mitigation Acting to reduce the probability and/or impact Acceptance Deciding to live with the risk

  6. Think of examples of the risk response strategies from your projects. Activity:

  7. Example of a Risk Register

  8. Complete a risk register for one of your projects.

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