HKSM

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?

1. Risk report
2. Risk register
3. Issue log
4. 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.