Risk Register
This
Risk Register
helps you to track all risks within your project or business.Using the Risk Register, you can identify, track and mitigate risks from occurring.
The Risk Register provides a key tool for Risk Management, as it holds all of the information relating to risks within your business. It also gives you a clear view of the current status of each risk, at any point in time.
The Risk Register will help you to record the following information:
- Type of risk, who raised it and how it could affect your business
- Likelihood of the risk occurring and its potential impact
- Risk Priority, based on its affect on the business
- Actions taken to prevent the risk from happening
- Contingency actions taken in case it does eventuate
You can also use this Risk Register to:
- Monitor and control all risks effectively
- Identify the actions needed to manage and mitigate risks
- Report the overall risk status at any point in time
Using the Risk Register, you can identify all of the risks to your project or team, and then create a plan of action to reduce the likelihood of them occurring. This makes Risk Management easy.
