FAQ Risk Register Make sure that your risks are specific to your project. Don’t include risks that state ‘Risk of not enough funding’ ‘Going over budget’ ‘Delaying the project’ etc. These are impacts that occur due to something happening or not happening. Ensure your treatment addresses the risk (or cause) described. Q: Proximity? Here you include a date and month that would be the first time the risk might happen. An example, is if your negative risk was - A: Risk Description and cause: 'There is a possibility of disruption to the OSHC service if the school is closed due to storms and/or floods. Cause: Storms and flooding occurring especially in the storm season, which in previous years has seen the school close.' Then the proximity would be 'November 2017' as the storm season is from November to February, so the issue may arise any time from November. Q. Treatment response? A: No this is to describe what type of treatment you will use.Treatment response is a drop down. Templates will utilise different terms, read your texts to understand what each mean. For negative risks (Threats) the most common response type is 'Reduce' - where your treatment will either reduce the likelihood of the risk occurring OR reduce the impact/consequence should the risk occur.PMBoK 5th Edition refers to this as ‘Mitigate’. Avoid - It is very hard to completely avoid a risk, it is suggested that you don't use this option in the assessment as it can be more difficult to justify. Transfer - Again it is difficult to fully transfer a risk, however this can be partially done by purchasing insurance etc. for certain threats. Accept - this option means 'We will do nothing about this' - therefore don't use this for the assessment, as markers want to see how you would treat your risk. For positive risks (Opportunities) the response is usually 'Enhance' - where the treatment is to leverage the opportunity (increasing the likelihood of it occurring and/or increasing the consequence/impact (which would be positive) should the opportunity occur. ‘Exploit’ is another treatment that can be utilised. The difference is where the treatment here ensures that the opportunity is realised. ‘Reject’ – this option means 'We will do nothing about this' - therefore don't use this for the assessment, as markers want to see how you would treat your risk. Q: Treatment Update? A: For the purposes of this assessment a date is fine. E.g. 5/05/2017 However, practically, this field would have a date and text update e.g. 5/05/2017 - The risk was raised at the May 2017 board meeting. Jim Hawkes, Occupational Health and Safety Manager, ABC Inc. was identified as a possible 'Risk Owner'. Meeting set to discuss treatment with J. Hawkes on 5 June 2017. Signoff for J. Hawkes to agree to being the Risk Owner will be sought at this meeting. Q. Residual impact? A: If the treatment was: A scope change request is being submitted to add the development of a Disaster Management Procedure and training for all OSHC staff. Then a possible residual impact would be: Although the likelihood of storms and floods cannot be reduced, the impact should these occur can. With the development of a Disaster Management Procedure and training, staff will be aware of what to do to advise parents, ensure safety of persons, both children and staff, currently at the service, evacuation procedures etc. Therefore the risk likelihood remains the same 'Likely' however the consequence (impact) is reduced to moderate. It should be noted that the overall rating for this risk remains high. Q Number column? 1, 2, 3 etc. This is to identify the risk, like risk 1, risk 2 etc. Some identification systems are more complex, however here we are wanting seven negative risks (threats) and three positive risks (opportunities) so keeping this simple also helps to see if you have enough of each. References for Ass5? You shouldn't have to include references if you are identifying the risks from scratch and relating the information to your project. However, if using risks from your Charter, you need to 'self-reference' especially if cutting and pasting. If however you have significantly modified wording to incorporate feedback then this shouldn't be an issue. You also need to provide references where you have used information from other sources, especially large quotes (again this shouldn't be needed if the assessment is done well). In this case include in-text referencing and then include the reference list on a separate sheet and title that sheet 'References'.