Dealing with Risks

To identify an item as a risk, use the RAID type selector (first field) and select ‘Risk’ from the drop-down list.
Here you can:

  • Assess how likely the risk is and what impact it would have on your project. Logframer will then calculate a Risk percentage.
  • Specify how you want to deal with the risk once it occurs: will you try to avoid, reduce, share, transfer or accept the consequences of the risk? How will you deal with it and who will be responsible for dealing with the risk and its consequences (the owner)?


 

Tools: the Risk Register

The Risk Register is a report that you can either print or export to MS Word or MS Excel. The print version and the MS Word version give you an overview of the risks and what you will do in response; the objectives they may influence and the risk level at the onset of the programme.

You can select if you want to view all risks or the risks of a specific category (operational; financial; objectives; reputation risks)?

If you export the Risk Register to MS Excel, you will get an interactive tool to assess the likelihood and possible impact of each risk over the course of your project. This will allow you to see how each risk evolves over time and what measures you must take to deal with them.

Example of a Risk Register generated in MS Excel