ABSTRACT
The purpose of risk communication and reporting is to provide project stakeholders with timely and accurate risk information to support appropriate risk-informed decision-making and action. There are many different individuals and groups of people outside the immediate project team who are affected by how risky the project is, or by specific threats and opportunities within the project. Some project managers prefer to keep quiet about the opportunities in their project as well, thinking that they can keep them in reserve “for a rainy day”. Each stakeholder has a different requirement for risk-related information, and the risk process should recognise this and deliver timely and accurate information at an appropriate level of detail to support the needs of each stakeholder. Based on the stakeholder risk information needs analysis, project managers can design tailored risk communications that meet the identified requirements of each stakeholder individual or group.
