How do you monitor and control project coordination risk outcomes and impacts?

1 Risk register

A risk register is a document that records the details of each identified risk, such as its description, probability, impact, rating, response strategy, and owner. It also tracks the status and progress of each risk throughout the project life cycle. A risk register helps you to monitor and control project coordination risk by providing a comprehensive and updated overview of the potential threats and opportunities that may affect the alignment and integration of your projects.

2 Risk dashboard

A risk dashboard is a visual tool that displays the key indicators and metrics of project coordination risk, such as the number, severity, and distribution of risks, the risk exposure and appetite, the risk response performance, and the risk trends and patterns. A risk dashboard helps you to monitor and control project coordination risk by enabling you to quickly and easily assess the current and future state of your project coordination risk environment and make informed decisions and actions.

3 Risk reviews

A risk review is a periodic meeting or session that involves the relevant project managers, team members, and stakeholders to discuss and evaluate the status and performance of project coordination risk management. A risk review helps you to monitor and control project coordination risk by facilitating the exchange of information and feedback, the identification and resolution of issues and gaps, the validation and adjustment of risk assumptions and plans, and the recognition and reinforcement of best practices and lessons learned.

4 Risk audits

A risk audit is a formal and independent assessment of the effectiveness and efficiency of project coordination risk management. It involves examining the risk management processes, policies, and practices, as well as the risk register, dashboard, and reviews, to verify their compliance and quality. A risk audit helps you to monitor and control project coordination risk by identifying and recommending areas for improvement, enhancement, or correction in your project coordination risk management.

5 Risk reports

A risk report is a document that summarizes and communicates the results and outcomes of project coordination risk management to the relevant project managers, team members, and stakeholders. It typically includes the risk register, dashboard, reviews, and audits, as well as the key findings, conclusions, and recommendations. A risk report helps you to monitor and control project coordination risk by providing a clear and concise overview of the project coordination risk situation and performance, as well as the actions and outcomes required or achieved.

6 Risk escalation

A risk escalation is a process of transferring a risk or issue that exceeds the authority or capacity of a project manager or team to a higher level of management or governance for resolution or decision. It usually involves notifying and consulting the appropriate project sponsors, program managers, portfolio managers, or steering committees, and providing them with the relevant information and analysis. A risk escalation helps you to monitor and control project coordination risk by ensuring that the most critical and complex risks or issues are handled by the most suitable and capable parties.

7 Here’s what else to consider

This is a space to share examples, stories, or insights that don’t fit into any of the previous sections. What else would you like to add?