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A. Risk description, category, cause B. Risk-related contractual agreements C. Probability of occurrence, impact on objectives D. Proposed responses, owners, current status
B. Risk-related contractual agreements ..Other options must be present in the risk register
Hello Team Happy New Year 2019,
The risk register starts, of course, with a risk management plan. The project manager must seek input from team members as well as stakeholders and possibly even end users. The risk register or risk log becomes essential as it records identified risks, their severity, and the actions steps to be taken. It can be a simple document, spreadsheet, or a database system, but the most effective format is a table.
Managers should view the risk register as a management tool through a review and updating process that identifies, assesses, and manages risks down to acceptable levels. The register provides a framework in which problems that threaten the delivery of the anticipated benefits are captured. Actions are then instigated to reduce the probability and the potential impact of specific risks.
B. Risk-related agreements
What's the prize? How much on offer?
That's what an entrepreneur would ask.
B. Risk-related contractual agreements
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