Page 12 - IT Project Management Framework - Execution and Control
P. 12
Risks and Issues Tracking
• The Risk Register is a log of all identified risks.
• It shows the probability and impact of the risks to the project, mitigation strategy, and when the risk is estimated to occur.
• The document was developed in the Planning phase, and keep updated throughout the Execution and Control phase with the risks
identified during the execution of project activities.
• The duration, which is the number of days between start and end date. And, The person who are responsible for this task.
• And, the person who are responsible for this task.
Risk Register
• Affected Work Packages
Which are the work packages that will be affected if the risk occurs.
• Probability
The chance that a risk will occur, on a scale from 0 to 10.
• Impact
The impact of the risk on the project, again, scale from 0 to 10.
• Risk Score
A number that determines the severity of risk, obtained by multiplying the value of probability and impact.
• Risk Management Approach/Mitigation Actions
The action to take to resolve or mitigate the risks.
• Early Warning Signs/Trigger
Something which indicates that a risk is about to occur or has already occurred.
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