Propose an initial risk register for constructing a Recreational Park Project. The risk register should contain...

Propose an initial risk register for constructing a Recreational Park Project. The risk register should contain a minimum of 10 risks. * Use a template of your choice for risk register.

Expert Solution

Risk Register:

It is a document that is created for tracking the risks or it is a management tool that is included all the legal and other information of the project and its risks.

The various risks information is recorded and maintained to identify the severity and occurrence of the risks.Lets discuss various risks register that are involved fro constructing a recreational park:

S.NO	Type of Risk	Frequency of risk Occurrence	Risk Impact	Risk Severity	Action Required
1	Identify the right place for constructing the recreational park	Low	High	Medium	Area plays a prominent role for creating recreational park. Selecting appropriate land is very important to avoid further legal issues.
2	Prioritise feasible location	High	Low	Medium	Location that is easy to access and grab the public attention
3	Define Cost of the recreational park	Low	High	Medium	Always defining a cost of the project is very important to identify the cost that is required to create a park
4	Project Scheduling	High	High	Medium	Proper timeline to be decide when to start and end a project
5	Legal issues	Low	High	Medium	Avoid other legal issues at the beginning to control the extra cost or burden on the project/business
6	Project Plan/Design	Low	High	Medium	Always select a well-designed plan to execute the project in a right manner
7	Financial assistance	High	Medium	Low	Always income sources needs to be identified well advance
8	Purpose of the project	Medium	High	Low	A project should be well defining its purpose and use. The recreational park should be defined with its facilities and other activities
9	Contractor Delays	Low	High	Medium	Avoid contractor delays that regular interruptions
10	No control over staff & management	Low	High	High	There should be proper control over the staff and the management needs to act accordingly to control these kind o]f risks on the project.

keosha answered 2 years ago

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