During a construction project the management of risk is a fundamental part of good construction administration. Not managing risk can lead to unexpected surprises for the subcontractors, contractors, designers and owner. In order to better manage risk throughout the construction project good managers rely on a risk registry. What is a risk registry and why should you use one?
A risk registry is a living document that is updated continuously throughout a construction project. It’s purpose is to identify upcoming and ongoing risks to the project, track them, identify potential impacts as well as ongoing mitigations.
This risk registry template will set your project team up for success. The construction risk registry template offered by Construction Repository provides opportunity for a few key pieces of information:
- Risk Item # and Name
- Potential Impact
- Potential Cost
- Time Impact
- Mitigations Adopted
- Ball in Court
- Description of Risk
This construction risk registry is a comprehensive document that is in line with the PMP requirements for a risk registry on a project. It is excel or worksheet based and will require either Google Docs or Microsoft excel to use.
Save your project time, money and avoid costly issues with this construction risk register template.