The risk register and risk management strategy should justify and report on the rationale of the register, priority and its management.
Guidelines
- Risk is assessed against phase 1 (0-5 years)
- Risks are related specifically but not solely to the strategic political, economic, social, technological (PEST) and strategic site factors affecting this phase.
- Provides the identification of key risks, their assessment and priority. Opportunities may also be assessed.
- Appendix should provide an environmental scan using the PEST factors or similar may be presented. The appendix will include a risk register which identifies the key risks and their categories, those responsible, the probability and impact of these risks and the controls adapted to manage these risks.
In the Crit presentation you will clearly present
- the risk register and provide rationale for how to manage key risks to support project feasibility and opportunity.
- The management plan.
- Clearly these documents should be analytical and not just descriptive or simplistic so need to focus on a small range of risks.
The report will critically evaluate the risks and make connections with the other sections