Risk Manager

The owner’s Representative role includes:

• Planning how risk will be managed in the particular project. Plans should include risk management tasks, responsibilities,
  activities and budget.
• Assigning a risk officer—a team member other than a project manager who is responsible for foreseeing potential project
  problems. Typical characteristic of risk officer is a healthy skepticism.
• Maintaining live project risk database. Each risk should have the following attributes: opening date, title, short description,
  probability and importance. Optionally a risk may have an assigned person responsible for its resolution and a date by
  which the risk must be resolved.
• Creating anonymous risk reporting channel. Each team member should have possibility to report risk that he/she
  foresees in the project.
• Preparing mitigation plans for risks that are chosen to be mitigated. The purpose of the mitigation plan is to describe
  how this particular risk will be handled-what, when, by who and how will it be done to avoid it or minimize consequences
  if it becomes a liability.
• Summarizing planned and faced risks, effectiveness of mitigation activities, and effort spent for the risk management.