HKSM
Risk Report
A progressively updated project document, produced as risk management work proceeds, that consolidates information on individual risks and communicates the project's overall risk exposure.
Key Points
- Evolves over time as risk identification, analysis, and response activities progress.
- Summarizes key details about individual risks and the overall risk exposure of the project.
- Supports decision making by highlighting priorities, trends, and recommended actions.
- Different from the risk register; it synthesizes and interprets data rather than listing every risk entry.
Example
During a hospital construction project, the project manager issues a monthly risk report that includes a risk heat map, the top 10 threats and opportunities, changes in overall risk exposure, forecasted impact on contingency, and a summary of response plans for executive review.
PMP Example Question
Senior leadership asks for a concise snapshot of the project's overall risk exposure along with highlights of the most significant risks. Which document should the project manager provide?
- Risk report
- Risk register
- Issue log
- Assumption log
Correct Answer: A — Risk report
Explanation: The risk report summarizes key information on individual risks and communicates overall project risk exposure. The risk register is a detailed list, while the issue and assumption logs serve different purposes.
