Big Island Hotel:	Insert your project scenario here.
Risk ID	Risk Statement	Probability	Impact	Risk Rating	Risk Type	EMV Cost	EMV Dur	Risk Category
1
Trigger
Risk response & reason
Contingency plan reasoning
2
Trigger
Risk response & reason
Identify secondary or residual Risk & description.

THIS IS THE TEMPLATE

DISCRIPTION:

Project Overview: The project involves transforming Big Island Hotel in Hawaii by implementing a beachfront area with adventurous activities. The main objectives are to enhance the guest experience, attract more visitors, and create desirable all-inclusive destination. The project priorities are focused on creating an appealing beach area, enhancing guest satisfaction, and drawing more people to the hotel.

Purpose of the Risk Register: The risk register serves as a vital tool in project risk management. It systematically captures information about potential risks, including their probability of occurrence, potential impacts, risk ratings, and associated costs. By maintaining a risk register, the project team can proactively identify and address risks, develop appropriate response plans, and make informed decisions to mitigate or exploit risks as needed.

Analysis of Identified Risks:

The risk register contains three identified risks:

• Risk ID 1: Weather conditions may affect Beach Area construction
• Risk ID 2: Lacking funds for Beach Area maintenance