The Risk register is a key document that captures and tracks project risks. When a stakeholder raises concerns about possible delays due to legal permits, it is essential to assess and manage this risk. The subject matter experts (SMEs) have reassessed the concern and suggested assigning more time for the permit. By updating the Risk register, the project manager can formally document this change, including the revised risk assessment and mitigation plan. The Risk register helps the project team monitor and address risks throughout the project lifecycle.
1.Risk Register:
oThe Risk register is a comprehensive document that identifies, assesses, and tracks project risks.
oWhen a stakeholder raises concerns about potential delays due to legal permits, it becomes a project risk.
oThe subject matter experts (SMEs) have reevaluated the concern and recommended allocating more time for the permit process.
oBy updating the Risk register, the project manager formally documents this change, including the revised risk assessment and any mitigation strategies.
oThe Risk register is a valuable tool for monitoring and managing risks throughout the project lifecycle.
Therefore, the project manager should prioritize updating the Risk register to capture this change effectively12.
Remember that the Risk register is a dynamic document that evolves as the project progresses. Regular reviews and updates are essential to ensure effective risk management.
1: PMI - Project Management Institute. PMP Exam Prep 2: BrainBOK. PMP Reference Material