Sher-Wood Hockey: Risk Logglobal Campus, Southern New Hampsh

Sher-Wood Hockey: Risk LogGlobal Campus, Southern New Hampshire University QSO 349: Project Contracting and Procurement 09:12:06 GMT -05:00Sher-Wood Hockey: Risk LogJust like with so many aspects of project management, risk management has an emphasis on the planning phase. It requires an understanding of what to expect and plans for the most likely scenarios. Risk management is essential for successful project management and a favorable outcome because it provides a thought-out and calculated strategy for issues that may arise along the way. Risk management emphasizes early risk identification, probability identification, project impact, response, and role assignment. It is important to pay close attention to risk identification and response, these are the key components for mitigating the impact they will have on the project. The risk log below identifies some of the pre-determined risks associated with the Sher-Wood Hockey case study.The risk log itself is a key tool not only in risk management but project management as a whole. In the planning phase, the purpose of the risk log is to provide a clear, concise, and detailed account of predetermined project risks and how those involved in the project will assess and respond to them if they arise (Verma,