Important legal notice
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Daphne Programme
Evaluation Risk
Why would you develop a Risk Register?

Why would you develop a Risk Register?

A Risk Register is developed to:

  • provide a useful tool for managing and reducing the risks identified before and during the project;
  • document risk mitigation strategies being pursued in response to the identified risks and their grading in terms of likelihood and seriousness;
  • provide the Project Sponsor, Steering Committee/senior management with a documented framework from which risk status can be reported;
  • ensure the communication of risk management issues to key stakeholders;
  • provide a mechanism for seeking and acting on feedback to encourage the involvement of the key stakeholders; and
  • identify the mitigation actions required for implementation of the risk management plan and associated costings.