The Internal Risk Group is a sub-group of the Project Team. The role of the Group is to identify and review all project risks as they arise, score them using the agreed methodology, identify management actions and monitor that these actions are taking place. Each identified risk, along with the agreed management actions and the identified Risk Owner will be recorded on the Internal Risk Register. The Risk Register is a live document which is updated as new risks are identified.
The Risk Register will ultimately provide the management plan to allow the organisation to sign off the Project for presentation to the PPP Market.
The Internal Risk Register is an evolving procurement management tool that will change over time as risks emerge, are resolved and/or managed.
The 10 highest rated risks will be reported to the Project Board on a monthly basis. The Group will report on a regular basis to the Project Team.