CapDev-Step 6.pptx.pdf
- 1. Step 6. Risk Register
- 2. The Triple Risk Model Risk
- 3. Definition of Risk RISK is anything that threatens or limits the ability of a project to achieve its goals, objectives, or the production of project deliverables is a measure of the probability and consequence of not achieving a defined project goal. Risk = Probability x Consequence
- 4. High Risk or Low Risk Example:
- 5. What is the Risk Register Is used to identify project risks, analyze the probability of the risks occurring and the impact it would have on the project should the risks occur, and determine strategies that will mitigate the effects of the risks
- 6. What are the elements of the risk register? Risk definition Risk level Rated High, Medium or Low Risk mitigation strategy Risk owner
- 7. WHY DO THE RISK REGISTER? Reduce the likelihood of the risk occurring. Increase the visibility of the risk. Increase the ability of the project team to handle the risk, should it occur. Reduce the impact of the risk, should it occur.
- 8. Types of projects that are suitable for Risk Analysis Computeriz ation of LGU business processes Housing Projects Reorg of rev collectio n Demoliti on of illegal settlers Risk Analysi s
- 9. Possible Responses to Project Risks
- 10. 1 • Identify risks for each intervention 2 • Decide on the risk level or intensity of the risk, using a rating scale 3 • Identify risk response strategy/ies for each risk factor identified 4 • Identify the risk owner Lets do it!
- 11. Example of Risk Register
- 13. Thank you!