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Topics: IT Project Management, Leadership, New Practitioners
who is Risk Register owner?
Network:7


My question has two parts :
1) Can anyone help me explain, who is Risk Register owner?
Risk identification responsibility lies with all the Team Member and Stakeholders.


2) How is Risk owner identified.
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Network:49



A risk owner is the person who is responsible for monitoring their risks and executing risk responses when appropriate; and risk register is document as well as identify potential risks in a project or an organization.
Network:7


I understand that thanks.

But who is the owner of Risk Register document?
Network:14735



The person assigned to maintain the risk register. They should be somewhere in the RACI chart.
Network:106242



AS would be mentioned in the Risk Management plan of appropriate Portfolio or Program or Project.
Network:1680



Risk Owner is the person who is accountable for defining the plan or actions related to risk. Risk Register belongs to all the team. Project manager is accountable for the deliverable and keep the process to manage the deliverable but everybody in the project team can work with it because everybody in the project team can run the process regarding risk.
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1 reply by NAJIB ANWER
Nov 10, 2018 4:59 AM
NAJIB ANWER
...
So by the above discussion it means anyone who is responsible to log a risk in risk register becomes accountable for that risk.

Risk Register as a DOCUMENT is responsibility of all the risk owner.
Does PMO team accountable to maintain and publish the risk registered?

I have this issue in my organization where no team is taking ownership of risk register document.
Network:7


Nov 10, 2018 4:39 AM
Replying to Sergio Luis Conte
...
Risk Owner is the person who is accountable for defining the plan or actions related to risk. Risk Register belongs to all the team. Project manager is accountable for the deliverable and keep the process to manage the deliverable but everybody in the project team can work with it because everybody in the project team can run the process regarding risk.
So by the above discussion it means anyone who is responsible to log a risk in risk register becomes accountable for that risk.

Risk Register as a DOCUMENT is responsibility of all the risk owner.
Does PMO team accountable to maintain and publish the risk registered?

I have this issue in my organization where no team is taking ownership of risk register document.
...
1 reply by Sergio Luis Conte
Nov 10, 2018 5:13 AM
Sergio Luis Conte
...
Not at all. First, let me say I am using the words responsible/accountable and etc according RASCI definitions. Second, the process and the actors in the process is up to the organization which is using it. Project manager is accountable for any deliverable related to project management itself. Ownership regarding a document does not exists. What exists is a process, the process has procedures into each step, procedures have or not deliverables into each step, actions have been taken on deliverables into each step and all these stuff has roles assigned (RASCI chart). BUT project manager is accountable for all related to each document that belongs to project management itself.
Network:1680



Nov 10, 2018 4:59 AM
Replying to NAJIB ANWER
...
So by the above discussion it means anyone who is responsible to log a risk in risk register becomes accountable for that risk.

Risk Register as a DOCUMENT is responsibility of all the risk owner.
Does PMO team accountable to maintain and publish the risk registered?

I have this issue in my organization where no team is taking ownership of risk register document.
Not at all. First, let me say I am using the words responsible/accountable and etc according RASCI definitions. Second, the process and the actors in the process is up to the organization which is using it. Project manager is accountable for any deliverable related to project management itself. Ownership regarding a document does not exists. What exists is a process, the process has procedures into each step, procedures have or not deliverables into each step, actions have been taken on deliverables into each step and all these stuff has roles assigned (RASCI chart). BUT project manager is accountable for all related to each document that belongs to project management itself.
...
1 reply by NAJIB ANWER
Nov 10, 2018 5:27 AM
NAJIB ANWER
...
PM is responsible for project deliverable, is Risk Register not a deliverable?

Can you please put more light on , process, procudure and step.
Network:7


Nov 10, 2018 5:13 AM
Replying to Sergio Luis Conte
...
Not at all. First, let me say I am using the words responsible/accountable and etc according RASCI definitions. Second, the process and the actors in the process is up to the organization which is using it. Project manager is accountable for any deliverable related to project management itself. Ownership regarding a document does not exists. What exists is a process, the process has procedures into each step, procedures have or not deliverables into each step, actions have been taken on deliverables into each step and all these stuff has roles assigned (RASCI chart). BUT project manager is accountable for all related to each document that belongs to project management itself.
PM is responsible for project deliverable, is Risk Register not a deliverable?

Can you please put more light on , process, procudure and step.
...
1 reply by Sergio Luis Conte
Nov 10, 2018 5:44 AM
Sergio Luis Conte
...
I can not put more light because it depends on your process.
Here my perception: perhaps you have to take a look to RASCI chart to understand what roles and responsabilities mean in that context (just because I am using it does not mean that you have to use it.). On the other side, which is your risk management process? that is the key to sustain this discussion. At the end, what you are looking for? If you are the project manager then you are accountable for project risk management process.
Network:1680



Nov 10, 2018 5:27 AM
Replying to NAJIB ANWER
...
PM is responsible for project deliverable, is Risk Register not a deliverable?

Can you please put more light on , process, procudure and step.
I can not put more light because it depends on your process.
Here my perception: perhaps you have to take a look to RASCI chart to understand what roles and responsabilities mean in that context (just because I am using it does not mean that you have to use it.). On the other side, which is your risk management process? that is the key to sustain this discussion. At the end, what you are looking for? If you are the project manager then you are accountable for project risk management process.
Network:1160



Najib -

Overall project risk is usually owned by the business owner or sponsor - they are funding the project, will reap its rewards and hence would also incur the impact of most realized risks.

However, as others have stated, the PM is usually accountable for the accuracy and completeness of risk register content.

As far as ownership of individual risks goes, I normally consider that to be who is best positioned to respond to the risk.

Kiron
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