Risk Register Overview

The risk register serves as a central repository for project or program risk data. Its key function is to provide project or program stakeholders with a clear view of the current status of each of the main risks faced by the project or the program.

The program risk register displays a consolidated view of both program risks and project risks for the projects included in the program. This enables program managers to identify and manage risks across the program. Separate columns are available for pre-response and post-response risk threshold values and scores. You can modify both program and project risks from the program Risk Register page.

The risk register uses an assigned scoring matrix to compute risk scores. Risk scores quantify the impact of each risk in terms of its total effect on the cost and schedule of the project or program. For projects, using such quantifiable assessments, you can run a risk analysis to predict likely project outcomes in terms of cost or schedule based on the combined effect of all project risks.