20:
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Although risk registers are commonly used tools not only in projects and programs but also in companies, research has found that they can lead to dysfunctions, for instance Toyota's risk register listed reputation risks caused by Prius' malfunctions but the company failed to take action. Risk
322:
There are many different tools that can act as risk registers from comprehensive software suites to simple spreadsheets. The effectiveness of these tools depends on their implementation and the organisation's culture.
420:, and the fallacy of misplaced concreteness: mistaking the map for the territory. However, if used with common sense risk registers are a useful tool to stimulate cross-functional debate and cooperation.
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Budzier, Alexander. "The risk of risk registers – managing risk is managing discourse not tools". Journal of
Information Technology (2011) 26, 274-276 (December 2011),
565:
Lyytinen, Kalle. "MIS: the urge to control and the control of illusions – towards a dialectic". Journal of
Information Technology (2011) 26, 268-270 (December 2011).
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Trigger - an event that itself results in the risk event occurring (for example the risk event might be "flooding" and "heavy rainfall" the trigger)
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acting as a repository for all risks identified and includes additional information about each risk, e.g., nature of the risk, reference and owner,
459:
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Risk register of the project "barbecue party" with somebody inexperienced handling the grill, both in table format (below) and as plot (right).
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398:" both the impact and the probability is put into numbers, e.g. a risk might have a "$ 1m" impact and a "50%" probability.
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A Risk
Register can contain many different items. There are recommendations for Risk Register content made by the
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73:2009 Risk management—Vocabulary defines a risk register to be a "record of information about identified risks".
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if the probabilities are estimated by ranking them, as "high" to "low" impact. It is called "
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does not use the term risk register, however it does state that risks need to be documented.
44:
755:
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Drummond, Helga. "MIS and illusions of control: an analysis of the risks of risk management
8:
417:
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Identifying and
Managing Project Risk: Essential Tools for Failure-Proofing Your Project
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379:) is the multiplication of Probability and Impact and is often used to rank the risks.
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Document used as risk management tool, acting as a repository for all identified risks
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Contingent response - the actions to be taken should the risk event actually occur.
386:(e.g. within IT projects) are Identify, Analyze, Plan Response, Monitor and Control.
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Risk
Register vs Risk Report (PMP/CAPM) by Mudassir Iqbal, February 8, 2019.
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A brief description or name of the risk to make the risk easy to discuss
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plots the impact of a given risk over of its probability. The presented
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deals with some issues which can arise on a usual
Saturday-night party.
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Start the party with instructions on what to do in the event of fire
708:. Project Management Institute (7th ed.). Newtown Square, PA.
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A guide to the project management body of knowledge (PMBOK guide)
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Contingency - the budget allocated to the contingent response
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Don’t invite crazy friends, don't provide too much liquor
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ProjectThink: Why Good
Managers Make Poor Project Choices
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548:. Journal of Information Technology (2011) 26, 259–267.
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Practical
Project Risk Management: The Atom Methodology
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registers often lead to ritualistic decision-making,
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333:The risk breakdown structure identification number
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122:Invite crazy friends, provide sufficient liquor
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460:Failure mode, effects, and criticality analysis
649:Project Manager's Spotlight on Risk Management
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728:: CS1 maint: location missing publisher (
613:. AMACOM/American Management Association.
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347:) if event actually occurs rated on an
221:Implement the appropriate response plan
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737:Lev Virine and Michael Trumper (2013).
685:Lev Virine and Michael Trumper (2007).
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687:Project Decisions: The Art and Science
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330:A risk category to group similar risks
704:Project Management Institute (2021).
689:. Management Concepts. Vienna, VA.
51:measures. It can be displayed as a
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670:. Financial Times/ Prentice Hall.
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326:A typical risk register contains:
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490:Project Management Institute 2021
455:Failure mode and effects analysis
110:The guests find the party boring
668:The Project Workout: 4th edition
281:Store the food in deep freezer
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364:of its occurrence rated on an
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1:
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390:The risk register is called "
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305:Project Management Institute
96:Risk Score after Mitigation
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521:"Risk management standards"
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71:
10:
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467:, utilizes a risk register
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666:Robert Buttrick (2009).
440:Risk Breakdown Structure
39:is a document used as a
632:. Management Concepts.
435:Event chain methodology
190:Move the party indoors
187:Have the party indoors
628:David Hillson (2007).
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605:Tom Kendrick (2003).
445:Risk management tools
45:regulatory compliance
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647:Kim Heldman (2005).
43:tool and to fulfill
590:10.1057/jit.2011.13
571:10.1057/jit.2011.12
503:"ISO Guide 73:2009"
418:illusion of control
307:Body of Knowledge (
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715:978-1-62825-664-2
696:978-1-56726-217-9
677:978-0-273-72389-9
658:978-0-7821-4411-6
639:978-1-56726-202-5
620:978-0-8144-0761-5
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37:risk register
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528:. Retrieved
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396:quantitative
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284:Order pizza
253:Order pizza
230:As per plan
167:Immediately
136:within 2hrs
102:Action When
93:Contingency
84:Probability
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36:
34:
24:
525:www.iso.org
392:qualitative
377:Risk Rating
357:probability
345:consequence
299:Terminology
90:Mitigation
53:scatterplot
765:Categories
530:2020-08-10
472:References
373:Risk Score
362:likelihood
99:Action By
49:mitigation
724:cite book
450:Issue log
411:Criticism
227:Everyone
159:Call 911
75:Category
424:See also
278:highest
215:highest
212:highest
771:PRINCE2
465:PRINCE2
382:Common
366:integer
349:integer
313:PRINCE2
292:30mins
261:30mins
203:Nature
198:10mins
172:Nature
150:medium
141:Guests
127:karaoke
119:medium
107:Guests
87:Impact
81:RBS ID
65:Example
29:example
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341:impact
311:) and
368:scale
351:scale
309:PMBOK
275:high
272:3.2.
266:Food
247:high
244:high
241:3.1.
235:Food
209:2.2.
206:Fire
184:high
178:2.1.
175:Rain
147:1.2.
113:1.1.
78:Name
743:ISBN
730:link
710:ISBN
691:ISBN
672:ISBN
653:ISBN
634:ISBN
615:ISBN
430:Risk
375:(or
371:The
354:The
343:(or
339:The
181:low
153:low
116:low
586:doi
567:doi
550:doi
507:ISO
360:or
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59:ISO
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Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
