Overview
The Project Board should ensure that an assessment of risks is carried out and that the Risk Log is updated during the life cycle of the project. They must be sure that counter measures and contingency plans have been put in place. While the Project Executive owns the Risk Log each risk must be allocated a named owner.
Tips
- Also known as a Risk Register
- It may be wise to prepare contingency plans for important risks.
Notes
- Identifies all risks
- Updated at all stages of a project's life cycle, in particular CS4 Examining Project Issues
- Identify and plan possible countermeasures.
Case studies and examples
Related links
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