Risk Register

In: Business and Management

Submitted By AnkitBansiwal
Words 260
Pages 2
RISK REGISTER | Risk Identification | Qualitative Risk Assessment | Risk Response Plan | Ref. | Description of Risk | Consequences | Primary Objective | Likelihood(H-M-L) | Seriousness(H-M-L) | Managing or Mitigating Actions | Responsible Officer | 1. | Inspection happens at the construction site for checking permits or quality check | Any problem might cause delay in project. | Time | L | M | Take proper permits related with set up of building | Project Manager | 2. | Insufficient Material available | Insufficiency means additional time and raw material cost | Time | M | H | Quantity of the raw material required should be duly checked before and also at regular intervals so that at least delay can be avoided. | Project Manager | 3. | Shortage of labourers | This might increase the cost in two ways:-Introduce machinery-training cost of remaining working laborers | Cost | H | H | Try retaining labourers back by a nominal increase in wages or through productivity based incentives | Consultant | 4. | Difficulty in managing the overall cost | The financial differences would eventually increase the time as arrangement of remaining funds would stop the project for a while | Cost | H | H | Should Ensure that proper financial planning is done, and excess fund should be reserved for unforeseen contingencies | Project Manager | 5. | Maintaining the Quality of the Project | The quality of the material if not checked properly at initial stages can highly increase the cost of the project, which eventually also affects the time dimension | Cost | M | H | It should be ensured that the raw material being used is duly checked, also the site should be checked if appropriate or not for the project. | Project Manager…...

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