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
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
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!