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RISK / RESPONSE

A crowdfunding risk register should lead to action

A risk register is more than a disclaimer on a page. Product work, assets, accounts, suppliers and communication can all change. A useful entry names the trigger, impact, response and owner so the team knows when it must make a decision.

Editorial cover: A crowdfunding risk register should lead to action
01

Describe a specific event

Do not stop at “production risk”. Say which part may arrive late and which version or batch would be affected. If a prototype is unstable, name the demo and shoot it puts at risk. Specific events make it easier to identify missing information and a practical response.

02

Separate prevention from response

Testing, backups and supplier checks help prevent problems. Rescheduling, changing a version and notifying affected users are responses after an event. If a demo fails, “watch quality” is not enough. Decide when filming stops, who checks the cause and who can approve an alternative.

03

Choose signals to watch

An unconfirmed supplier date, a failed test or a missing document can trigger a review. Probability and impact scores are aids to discussion, not reasons to dismiss a serious outcome. Refer safety, legal and major financial decisions to the authorised owner and relevant specialists.

04

Review the list at real milestones

Check whether the risk changed, the preventive action happened and the owner is still available. Close resolved items with a note of the outcome. Reflect new limits in public material when needed. Start with the few risks that could block the current milestone rather than trying to catalogue every possible problem.

05

Put this into practice

  • Name the trigger and impact of each key risk.
  • Assign preventive work and post-event responses separately.
  • Review owners and unfinished actions at project milestones.

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