In risk management, what is a risk register?

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Multiple Choice

In risk management, what is a risk register?

A risk register is a documented, living list of identified risks, including their assessed probability and impact, along with assigned mitigation actions and ownership. It serves as the central record used to track risk exposure, prioritize responses, and monitor progress over the project’s life, updating as risks change or new ones emerge. Each entry typically covers a description of the risk, its likelihood and potential impact, a risk score, triggers, the planned response or mitigation, the person responsible, and the current status or target dates. This focuses risk management efforts on proactive steps to reduce threats and seize opportunities, setting it apart from other artifacts like logs of meetings, schedules of milestones, or records of completed tests.

A risk register is a documented, living list of identified risks, including their assessed probability and impact, along with assigned mitigation actions and ownership. It serves as the central record used to track risk exposure, prioritize responses, and monitor progress over the project’s life, updating as risks change or new ones emerge. Each entry typically covers a description of the risk, its likelihood and potential impact, a risk score, triggers, the planned response or mitigation, the person responsible, and the current status or target dates. This focuses risk management efforts on proactive steps to reduce threats and seize opportunities, setting it apart from other artifacts like logs of meetings, schedules of milestones, or records of completed tests.

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