Risk management is one of the core competencies of project management. And your risk register – or risk log – is the most important tool you will use.

Risk registers come in many forms, but they all serve two main purposes:
– Create transparency and an audit trail to demonstrate that you have acted diligently in protecting your client's or company's money, resources and reputation.
– a management tool that supports you in your active risk management

But no matter what form your risk register takes, it will contain the same basic set of information. If your project is large, complex, risky, or important, use this entire set (and perhaps some additional features). If your project is smaller, simpler, and less important, you can use a stripped-down risk register with fewer data fields.

Regardless of the type of project, in this video I discuss the basic data you should consider for inclusion in your risk register. And I'll go into a little bit about each one.

More information on project risk management…
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1. Videos on this channel
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– What is project risk management? https://youtu.be/QgALrPHrsk4
– How to manage project risks: https://youtu.be/xXV_gjtXMSk
– Risk management – 5 tips to get it right https://youtu.be/Q6JHsVEOVhM
– What is risk tolerance? https://youtu.be/2WJA1I4lPls

2. Articles on our website
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– Ultimate Guide to Project Risk Management:
https://onlinepmcourses.com/ultimate-guide-to-project-risk-management/
– Risk response strategies: Complete and revised summary:
https://onlinepmcourses.com/risk-response-strategies-full-roundup-2/
– 10-step risk management kick-off for your project:
https://onlinepmcourses.com/10-step-risk-management-kick-off-for-your-project/
– How to build a robust project risk culture [8 steps]:
https://onlinepmcourses.com/robust-project-risk-culture/
– The project manager's guide to simple risk analysis:
https://onlinepmcourses.com/project-managers-guide-risk-analysis/
– Essential guide to the sources of project risks
https://onlinepmcourses.com/sources-of-project-risk/

For more great project management videos please subscribe to this channel: https://www.youtube.com/channel/UCMZfp1_wquyegVY9SoER0Nw?sub_confirmation=1

All of our great articles and resources on project management can be found on the OnlinePMCourses website: https://onlinepmcourses.com/

Basic Management Courses – free training on YouTube with 2 new management lessons per week – can be found on our sister channel Management Courses: http://youtube.com/c/managementcourses

You can find more of our project management videos in thematic collections in our free Academy of Project Management: https://onlinepmcourses.com/free-academy-of-project-management/

#Projectmanagement #Riskmanagement #Projectrisk

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