Question

Company X has held a New Year’s Employee Party for as long as the company has been in existence. This year has been good, and we wanted to ensure that we get as many employees to the party as possible. It was decided to use one of the team members from the project office as our risk officer for this event. To keep on top of the risks for the event, the risk officer has performed risk identification already and using the provided risk register has completed as much of the register as he/she can at this point.

Your job is to review the following risk register and to prepare a list of corrections which includes several discrepancies. Please list at least 15 errors and explain why you believe the information is incorrect. So that you know, there are at least 18 things that are not correct with this register. Please DO NOT concentrate on risk response strategies and their plans as most of them except for one are already pretty good. Look for obvious mistakes.

Answer 1

The risk register for the New Year's Employee Party has several errors that need to be addressed. Some errors include repeated risk event IDs, vague risk descriptions, missing or undefined impacts, and the absence of a risk owner.

Step-by-step explanation:

Here are some corrections for the risk register:

• Risk Event ID: The risk event ID should be unique for each risk event. In the given register, Risk Event ID 1, 6, 9, 13, 15, and 16 are repeated.
• Risk Description: Some risk descriptions are too general or vague, such as 'Bad Weather' or 'Lack of Interest.'
• Impact: The impact should be clearly defined for each risk event. Some impacts are missing or not well-defined.
• Likelihood: The likelihood of each risk event should be quantified using a consistent scale, such as low, medium, or high.
• Risk Owner: The risk owner should be assigned for each risk event, but it is missing in the given register.

These are just a few examples of errors in the risk register. Make sure to review the entire register for other discrepancies and correct them accordingly.