--- title: SAP BW Tutorial Best Practice on Project Management Risk Register description: Master SAP BW project risk management with our best practice tutorial. Ensure project success with a robust risk register. Click now for expert guidance! image: https://www.sapbwconsulting.com/hs-fs/file-16545927-gif/images/climbing_unstable_objects_stacked_300_clr_8626.gif --- ![Project Management Risk Register](https://www.sapbwconsulting.com/hs-fs/file-16545927-gif/images/climbing_unstable_objects_stacked_300_clr_8626.gif) # SAP BW Tutorial Best Practice on Project Management Risk Register Table of Contents ## A Project Manager Tutorial On [Risk Management](https://www.sapbwconsulting.com/sap-asap-project-review)   Congratulations! According to the [**Project Charter**](https://www.sapbwconsulting.com/blog/how-to-use-a-project-charter-to-start-a-project), you have just been named [SAP **Project Manager**](https://www.sapbwconsulting.com/enterprise-services/sap-industry-solutions/sap-project-management) on the new corporate wide [global deployment](https://www.sapbwconsulting.com/sap-best-practices-greenfield-implementations) of the [**SAP BW 3.5 to SAP BI 7.x Upgrade Project**](https://www.sapbwconsulting.com/sap-bw-3.x-to-7.x-upgrade-service-productized-approach-proprietary-methodolgy).   In addition, the [**Project Sponsor**](https://www.sapbwconsulting.com/blog/inbound-marketing/field-report-from-a-marketing-project-manager) has been reading a lot about [**Business Objects Dashboards** ](https://www.sapbwconsulting.com/blog/how-to-test-sap-businessobjects-dashboards)and [**SAP HANA**](https://www.sapbwconsulting.com/blog/how-to-improve-sap-profitability-management-p2-the-ultimate-guide) lately and wants you to add these in the upgrade.   Not only that, you have been informed that this will be a **3 month project** with **a possible extension to 6 months**.   Is it time to panic yet?   **Oh yeah, big time**. So what should you do?   One has to ask, does a 50 story high rise building take longer to plan and build than a 1 story home? Is this project a 50 story building or a single family home? Is 3 months enough time?   Well there are obviously some [risks](https://www.sapbwconsulting.com/manage-risk-using-our-risk-management-guide) that [you can already identify](https://www.sapbwconsulting.com/free-website-seo-audit-grader-serp-sem-amp) in the scope and [sizing of the project](https://www.sapbwconsulting.com/blog/how-to-get-the-webi-universe-data-source-connection-setup) that will have an impact on project duration estimation (who came up with that 3 month number anyway).   In any project, [**how to estimate project cost and durations**](https://www.sapbwconsulting.com/estimate-your-sap-bw-consulting-resource-needs-calculator) is a pretty common task.   It is the [Project Managers](https://www.sapbwconsulting.com/blog/5-things-to-know-about-your-sap-project-manager) responsibility to do this [estimatio](https://www.sapbwconsulting.com/blog/5-kpi-design-best-practice-guidelines)n. The project manager has tools and techniques available for doing this.   Direct hands-on [personal experience](https://www.sapbwconsulting.com/blog/inbound-marketing/are-you-ready-to-think-grow-rich-mindmap) being one (but not the only method) of the most important inputs to the estimation process. I will discuss [project costing and estimation](https://www.sapbwconsulting.com/blog/what-is-the-tco-of-that-shinny-new-system-youre-about-to-buy) and how to properly do that in great detail later on in this [SAP BW tutorial](https://www.sapbwconsulting.com/blog/understanding-the-most-common-sap-data-warehousing-concepts) series. ![Project Risk Management](https://www.sapbwconsulting.com/hs-fs/file-16545927-gif/images/climbing_unstable_objects_stacked_300_clr_8626.gif?width=70&height=178&name=climbing_unstable_objects_stacked_300_clr_8626.gif)  **Managing Risk is a Constant Balancing Act** ## Project Management Risk Log In any project, big or small, there are always project unknowns ([**Risks**](https://www.sapbwconsulting.com/improve-your-sap-bw-project-requirements-gathering)) and major [**risk** factors](https://www.sapbwconsulting.com/blog/inbound-marketing/discover-project-managers-utopia-with-these-change-management-tips) encountered along the way that will contribute to the success or failure of your project. No one wants to be leading a failing project.   Avoid letting your project get into trouble to begin with. What I tell you next may seem like a waste of your time, but I have found it to be helpful to reduce project risk and to increase project success rates.   As a project manager a lot of unknowns ([**Risks**](https://www.sapbwconsulting.com/blog/data-quality-best-practices-for-effective-sap-bw-reporting)) are spinning around in your mind because you may not have been familiar with that particular [business area](https://www.sapbwconsulting.com/sap-training-courses) or this or that piece of technology. This is pretty common. No one person can know everything. **It takes whole company participation to successfully complete a project.** ### So what is one thing you should do today with the **Risks** you have identified so far? Keeping a [**Project Risk Register**](https://www.sapbwconsulting.com/blog/learn-what-makes-sap-dfps-solution-different) is a recommended [**Project Management Best Practice**](https://www.sapbwconsulting.com/blog/9-reasons-sap-bw-projects-fail-maybe) you should immediately start and maintain throughout the life of your project.   A [Project Management **Risk Register**](https://www.sapbwconsulting.com/sap-asap-project-review) is simply a list of known or perceived Risks that you are aware of. The Risk Register will grow throughout the project life cycle as you encounter new risks.   There are many **Risk Register Templates** that you can use. At a minimum, the Risk Register Template should include: - **Identify each risk ** - **For each identified [risk](https://www.sapbwconsulting.com/blog/10-things-you-need-to-know-about-sap-s-hrms), the risk [Mitigating Strategy](https://www.sapbwconsulting.com/blog/five-forces-model) ** - **Risk Owner ** - **Risk Trigger ** We recommend that each project risk be ranked for the following: - **[Probability of each risk](https://www.sapbwconsulting.com/blog/how-to-determine-your-fully-loaded-cost-rate) occurring ** - **Impact of each risk ** - **Probability Impact Score** ## How To Calculate a Risk Score Using a Proven Statistical Methodology The **Probability x Impact score** will help you, as a project manager, identify the [highest priority risks](https://www.sapbwconsulting.com/blog/inbound-marketing/the-guaranteed-easiest-way-to-calculate-sla) that need immediate attention as well as the risks that can wait till later. As you will notice, the Risk Register does not actually help you [estimate the project Size, Cost or Duration](https://www.sapbwconsulting.com/blog/10-sap-bw-project-estimation-best-practices-to-roll-out-today). It merely helps you manage risk in the project.   In addition to the **Project Risk Register**, there is **one other tool** we recommend that you deploy on day-one, at the moment of project initiation, that will help you estimate the [cost](https://www.sapbwconsulting.com/blog/how-to-improve-sap-profitability-management-the-ultimate-guide) and duration of the project. This will [be a topic of](https://www.sapbwconsulting.com/blog/identifying-cause-of-data-load-error-when-using-a-sap-bw-dtp) a follow on Article.   If you want to look ahead and see what's next or just can't wait, please e-mail me or give me a call and I will discuss it with you one-on-one. It's a biggie, it's really important and it takes some time to fully develop the discussion.     We would also like to recommend you sign-up for free [SAP Project Management](https://www.sapbwconsulting.com/blog/how-sap-certification-ought-to-work) Tips, a series of quick tips aligned with the ASAP methodology, which we've developed from many SAP implementations. [![Download Our Top Ten SAP Project Management Tips](https://no-cache.hubspot.com/cta/default/118735/9203c3f1-ce06-4cbf-b0de-5b4201575e92.png)](https://cta-redirect.hubspot.com/cta/redirect/118735/9203c3f1-ce06-4cbf-b0de-5b4201575e92)   People who read this also read: - [10 Key SAP BW Project Risk Management Tips](https://www.sapbwconsulting.com/blog/10-key-sap-bw-project-risk-management-tips) - [10 Steps to Manage SAP Project Sub-Contractor Risk](https://www.sapbwconsulting.com/blog/10-steps-to-manage-sap-project-sub-contractor-risk) - [12 Risk Management Considerations to Measure WRICEF-A](https://www.sapbwconsulting.com/blog/12-risk-management-considerations-to-measure-wricef-a) - [How to Manage Change Management Risk](https://www.sapbwconsulting.com/blog/how-to-manage-change-management-risk) - [SAP SEM CPM Risk Register Design Template](https://www.sapbwconsulting.com/sap-sem-cpm-risk-register-design-template) - What Is [Shopify](https://www.sapbwconsulting.com/blog/inbound-marketing/what-is-shopify-how-do-you-use-it-to-boost-your-business) & How Do You Use It to Boost Your Business? - 1 Key Tip [When Upgrading](https://www.sapbwconsulting.com/blog/1-key-tip-when-upgrading-from-sap-bw-3-x-to-bw-7-x) from [SAP BW 3.X to BW 7.X](https://www.sapbwconsulting.com/blog/70-of-business-intelligence-projects-are-failing-worldwide) [Checklist] - 10 Advanced SAP BW [Project Estimation](https://www.sapbwconsulting.com/blog/10-advanced-sap-bw-project-estimation-techniques) Techniques [Online Tool] - Understanding [Embedded Systems](https://www.sapbwconsulting.com/blog/understanding-embedded-systems-vs-sap-hana) vs SAP HANA - 8 Secrets to SAP Enabled [Spend Performance](https://www.sapbwconsulting.com/blog/8-secrets-to-sap-enabled-spend-performance-management) Management - Learn What is [Catch Weight Management](https://www.sapbwconsulting.com/blog/learn-what-is-catch-weight-management) - Learn [What Tools](https://www.sapbwconsulting.com/blog/learn-what-tools-to-use-to-investigate-is-mill-functionality) To Use To Investigate IS-Mill Functionality - Leverage SAP BW to Increase [Supply Chain Inventory](https://www.sapbwconsulting.com/blog/leverage-sap-bw-to-increase-supply-chain-inventory-accuracy) Accuracy - BusinessObjects [Explorer](https://www.sapbwconsulting.com/blog/businessobjects-explorer-best-practices) Best Practices   ## **About SAP BW Consulting, Inc.**   SAP BW Consulting, Inc. provides comprehensive [SAP solutions](https://www.sapbwconsulting.com/blog/sap-grants-management), including [SAP Business Intelligence](https://www.sapbwconsulting.com/blog/roce-return-on-capital-employed-simply-explained) (BI) and SAP Business Warehouse (BW) consulting, SAP ABAP development, and project management. Our services also include a [1099 Contractor Invoicing and Payment Management System](https://www.sapbwconsulting.com/blog/1099-contractor-payments), Salesforce consulting, and Balanced Scorecard consulting for strategic planning. As HubSpot Marketing and Sales Partners, we specialize in Google Ads, Facebook Ads, LinkedIn Ads, Account-Based Marketing, Content Marketing, and Ecommerce solutions, including Shopify.   Ready to optimize your operations and strategy? [Book a meeting with us](https://www.sapbwconsulting.com/request-sap-implementation-consulting-support-meeting-request). Topics from this blog: [BW Upgrade](https://www.sapbwconsulting.com/blog/topic/bw-upgrade) [SAP BW Consulting](https://www.sapbwconsulting.com/blog/topic/sap-bw-consulting) [Best Practices](https://www.sapbwconsulting.com/blog/topic/best-practices) [Project Management](https://www.sapbwconsulting.com/blog/topic/project-management) [BW](https://www.sapbwconsulting.com/blog/topic/bw) [Requirements Analysis](https://www.sapbwconsulting.com/blog/topic/requirements-analysis) [SAP BW](https://www.sapbwconsulting.com/blog/topic/sap-bw) [Business Objects](https://www.sapbwconsulting.com/blog/topic/business-objects) [BW Estimation](https://www.sapbwconsulting.com/blog/topic/bw-estimation) [Estimation](https://www.sapbwconsulting.com/blog/topic/estimation) [xCelsius](https://www.sapbwconsulting.com/blog/topic/xcelsius) [Webi](https://www.sapbwconsulting.com/blog/topic/webi) [Risk Management](https://www.sapbwconsulting.com/blog/topic/risk-management) [Risk Register](https://www.sapbwconsulting.com/blog/topic/risk-register) [HANA](https://www.sapbwconsulting.com/blog/topic/hana) [Dashboards](https://www.sapbwconsulting.com/blog/topic/dashboards) [Templates](https://www.sapbwconsulting.com/blog/topic/templates) [Project Cost Management](https://www.sapbwconsulting.com/blog/topic/project-cost-management) [Project Charter](https://www.sapbwconsulting.com/blog/topic/project-charter) [How to Start a Project](https://www.sapbwconsulting.com/blog/topic/how-to-start-a-project) [Universe](https://www.sapbwconsulting.com/blog/topic/universe) ### Download SAP BW Mindmap Learn what SAP Business Warehouse is and what it does in under five minutes [![Get this Mindmap](https://no-cache.hubspot.com/cta/default/118735/8db2ad37-8211-47a3-86ae-09b6b2bb297b.png)](https://cta-redirect.hubspot.com/cta/redirect/118735/8db2ad37-8211-47a3-86ae-09b6b2bb297b) [mailto:someone@yoursite.com](mailto:someone@yoursite.com) ### Doug Ayers I am an MBA, B.S. in Computer Engineering and certified PMP with over 33 years working experience in software engineering and I like to go dancing after work. I program computers, solve problems, design systems, develop algorithms, crunch numbers (STEM), Manage all kinds of interesting projects, fix the occasional robot or “thing” that’s quit working, build new businesses and develop eCommerce solutions in Shopify, SAP Hybris, Amazon and Walmart. I have been an SAP Consultant for over 10 years. I am Vice-President and Co-Founder of SAP BW Consulting, Inc. [View All Articles by Doug Ayers](https://www.sapbwconsulting.com/blog/author/doug-ayers) ## The SAP Blog Subscribe to our blog and receive SAP BW Updates, demand generation, inbound marketing, sales enablement, technology and revenue generation insights and ideas delivered right to your email. [mailto:someone@yoursite.com](mailto:someone@yoursite.com) ![SAP](https://googleads.g.doubleclick.net/pagead/viewthroughconversion/960101754/?value=0&guid=ON&script=0) ![](https://www.facebook.com/tr?id=199270410761059&ev=PageView&noscript=1) ```json { "@context" : "https://schema.org", "@id" : "https://www.sapbwconsulting.com/blog/sap-bw-tutorial-best-practice-on-project-management-risk-register#blogposting", "@type" : "BlogPosting", "about" : [ { "@type" : "Thing", "name" : "SAP BW", "sameAs" : "https://en.wikipedia.org/wiki/SAP_BW" }, { "@type" : "Thing", "name" : "Risk Register", "sameAs" : "https://en.wikipedia.org/wiki/Risk_register" }, { "@type" : "Thing", "name" : "Project Management", "sameAs" : "https://en.wikipedia.org/wiki/Project_management" } ], "author" : { "@id" : "https://www.sapbwconsulting.com/about-lonnie-ayers#person" }, "description" : "Learn the best practices for managing a project risk register in SAP BW to ensure project success and mitigate potential risks effectively.", "headline" : "SAP BW Tutorial: Best Practice on Project Management Risk Register", "inLanguage" : "en", "mainEntityOfPage" : { "@id" : "https://www.sapbwconsulting.com/blog/sap-bw-tutorial-best-practice-on-project-management-risk-register" }, "mentions" : [ { "@type" : "Thing", "name" : "SAP", "sameAs" : "https://en.wikipedia.org/wiki/SAP_SE" }, { "@type" : "Thing", "name" : "Risk Management", "sameAs" : "https://en.wikipedia.org/wiki/Risk_management" }, { "@type" : "Thing", "name" : "Best Practices", "sameAs" : "https://en.wikipedia.org/wiki/Best_practice" } ], "name" : "SAP BW Tutorial: Best Practice on Project Management Risk Register", "potentialAction" : { "@type" : "ViewAction", "name" : "Download Our Top Ten SAP Project Management Tips", "target" : { "@type" : "EntryPoint", "actionPlatform" : [ "http://schema.org/DesktopWebPlatform", "http://schema.org/MobileWebPlatform" ], "inLanguage" : "en", "urlTemplate" : "https://www.sapbwconsulting.com/top-10-tips-for-effective-sap-project-management" } }, "publisher" : { "@id" : "https://www.sapbwconsulting.com#organization" }, "url" : "https://www.sapbwconsulting.com/blog/sap-bw-tutorial-best-practice-on-project-management-risk-register" } ``` ```json { "@context" : "https://schema.org", "@id" : "https://www.sapbwconsulting.com#website", "@type" : "WebSite", "name" : "SAP BW Consulting, Inc.", "publisher" : { "@id" : "https://www.sapbwconsulting.com#organization" }, "url" : "https://www.sapbwconsulting.com" } ``` ```json { "@context" : "https://schema.org", "@id" : "https://www.sapbwconsulting.com#organization", "@type" : "Organization", "logo" : { "@id" : "https://www.sapbwconsulting.com#logo" }, "name" : "SAP BW Consulting, Inc.", "sameAs" : [ "https://www.linkedin.com/company/543163", "https://www.youtube.com/user/SAPBWConsulting/", "https://twitter.com/Lonniea39", "https://www.facebook.com/SAPBWConsulting" ], "url" : "https://www.sapbwconsulting.com" } ``` ```json { "@context" : "https://schema.org", "@id" : "https://www.sapbwconsulting.com#logo", "@type" : "ImageObject", "caption" : "SAP BW Consulting, Inc. logo", "url" : "https://www.sapbwconsulting.com/hubfs/SAP-BW-Consulting-Inc-Logo.png" } ``` ```json { "@context" : "https://schema.org", "@id" : "https://www.sapbwconsulting.com/about-lonnie-ayers#person", "@type" : "Person", "name" : "Lonnie D. 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