Planning engineers should identify and monitor risks effectively.
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A risk management register should be updated regularly.
➡️ This register can include the following:
✅ Risk description and category.
✅ The status of this risk (active or inactive).
✅ Cause and effect.
✅ Risk Type (threat or opportunity).
✅ Qualitative risk assessment (Probability, Impact and Score).
✅ Appropriate risk response strategy.
✅ Responsible party.
✅ The risk assessment matrix that helps the reviewer determine the level of risk significance.
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