Project:
269 - Water Industry Development Project
Description:
The risk register across the programme and individual projects, including both internal and external contractors, must maintain high quality and consistency. This requires a standard format for risk descriptions and the use of PHC Standard narrative fields. Additional narrative fields for external communication, such as Top Risk Summary and Top Risk Mitigation, should be included.
Desired Outcome:
Achieve a uniform and high-quality risk register consistently applied across all projects and contractors, ensuring clear communication and effective risk management.
What Could Go Wrong:
A lack of quality and consistency in the risk register could lead to miscommunication, ineffective risk management, and potential project failures.
Current Situation:
There is a need for a standardised approach to risk description and management across different risk centres within the programme.
Action Strategy:
Implement a standard for risk descriptions and encourage all parties to use the PHC Standard narrative fields. Provide a tool to standardise and sanitise risk narratives using AI.
Concern Category:
M1 Project Management
Keywords:
risk management, external partners, communication, project integrity, standardisation
Analysis: Not available
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